Recessionary gap

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A recessionary gap, in economics, is the amount by which the aggregate expenditures schedule must shift upward to increase the real GDP to its full-employment, noninflationary level. A recessionary gap can also be referred to as a deflationary gap.[1]

[edit] References

  1. ^ Gaps (HTML) (English). http://william-king.www.drexel.edu/. Retrieved on 2008-04-07.

[edit] See also

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