ABOVE FULL-EMPLOYMENT EQUILIBRIUM
A term in macroeconomics used for describing the real gross domestic product ( GDP ) and is at the moment in excess of its long-run average, or some other variation of historical measure. In accordance, if the current amount of the real GDP is greater than the historical average is called an inflationary gap, for the reason that it will create inflationary pressure in the particular economy.
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SPDA
Single-premium deferred annuity (SPDA) is a kind of annuity contract. It is established by the owner by making a single-lump payment. The annuity p ...
Timber Investment Management Organization - TIMO
Investment management group regulating forestry and timber investments on behalf of institutional investors. Acting as a broker for their clients, ...
Okun Gap
This macroeconomic term explains the condition when an economy's potential gross domestic product (GDP) varies from its actual gross domestic p ...
BOB - Bolivian Boliviano
Currency abbreviation for the Bolivian boliviano, the official currency of Bolivia. Introduced in 1864, the currency is comprised of 100 centavos.< ...
Martin S. Feldstein
An accomplished economic professor and economist, President Emeritus of the National Bureau of Economic Research (NBER), and John Bates Clark Medal ...
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