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单词 expansionary gap
释义

expansionary gap

Definition
A part of a business cycle expansion, particularly in the latter stages where there is a difference between the equilibrium real production achieved in the short-run aggregate market and the full-employment real production which occurs when short run equilibrium real production is more than full-employment real production. Also called inflationary gap.
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更新时间:2025/3/10 9:01:37