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Recessionary Gap

Recessionary Gap Definition

Occurs when an economy is falling into a recession. It is a situation where an economy is operating below its full-employment equilibrium. In this case the level of  gross domestic product is lower then it would be at full-employment.


Additional meaning of Recessionary Gap:

An economic recession can happen in several ways, like a big reduction in consumer expenditure or investment caused by the decrease of salaries.








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