| 释义 |
cyclical adjustment The adjustment of figures such as GDP, government spending, or the budget deficit to show what they would be if total activity was at its trend or normal level. This can only be done by the use of a model showing how these aggregates are related to the level of activity, and a model of the long-run trend in activity. In the absence of generally agreed models for these, cyclically adjusted figures must be treated with a great deal of caution. |