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Recessionary gap&o=10616
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.
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Last updated on Sunday August 31, 2008 at 11:39:32 PDT (GMT -0700)
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Last updated on Sunday August 31, 2008 at 11:39:32 PDT (GMT -0700)
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