Recessionary gap

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. [cite web|url=|title=Gaps|work=|language=English|accessdate=2008-04-07|format=HTML]


ee also

* Inflationary gap

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