contractionary gap


A macroeconomic theory describing an economy that is not operating at full-employment equilibrium. The result of a contractionary gap is a lower level of gross domestic product than seen at full-employment status.

Use contractionary gap in a sentence

Related Videos

Have a question about contractionary gap? Ask for help in the
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z