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Equilibrium GDP
The level of Gross Domestic Product at which total demand for goods and services equals total supply, resulting in stable prices and employment.
Full Employment GDP
The maximum level of production an economy can sustain while keeping unemployment at its natural or non-accelerating inflation rate of unemployment (NAIRU).
Multiplier
In economics, a factor by which a change in spending results in an amplified change in national income and output.
Inflationary Gap
The difference between the actual output of an economy and the output it would produce without inflation, indicating an overheated economy.
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Q108: An _ is an opinion,belief or feeling
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Q166: It is a commonly held stereotype that