BELOW FULL EMPLOYMENT EQUILIBRIUM
A term in macroeconomic used to characterize a status where an economy's real GDP or gross domestic product in a short-run is at present lower compared to the similar economy's long-run potential real GDP. In this situation, there is a recessionary gap between the two levels of GDP (computed by the difference between current GDP and potential GDP) that would have been produced had the economy been in long-run equilibrium.
POPULAR TERMS
Tit for Tat
Game theory mechanism subject to a payoff matrix similar to a prisoner’s dilemma. Anchored on the concepts of retaliation and altruism, this ...
Nonsegregated Disclosures
Information that must be presented legally anywhere in a lease agreement. These are required by the Federal Reserve Board Regulation M. The lease a ...
Product Line
A series of related products which are all made or manufactured by the same company.
Behavioral Economics
The scientific study on how the mind thinks and how each person reacts as it relates to the process of decision making in economics of individuals ...
Infant-Industry Theory
A theory stating the emerging domestic industries must be protected against foreign competition until they become established and mature. In econom ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Digesting Financial Statements: Introduction
Financial statements open a window how healthy a company is (in terms of finances). This document presents the financial activities of a person or ...
A Guide to Your Personal Income Tax: Last-Minute Moves
December 31 is fast approaching. The next thing you know you need to file your income tax return. So before you get swarmed by the hustle and bustl ...
Buying a Home: Obtaining a Homeowners Insurance
You are one step closer to acquiring your dream house, and you want to make sure it has substantial protection against any disaster or occurrence t ...
Renovate or Move?
You have a well-furnished home with a garden full of flowers and plants. Imagine sharing your beautiful abode, which has four bedrooms, a kitchen, ...
Getting to Know The Federal Reserve
The world’s largest economy in the world is the economy of the United States and running it, keeping it in check, and making sure that it doe ...
ECONOMIC CALENDAR
Time | Country | Indices | Period |
---|---|---|---|
02:01 | Rightmove House Prices | Dec | |
02:30 | PMI Manufacturing | Dec | |
02:30 | Tertiary Industry Index | Dec | |
02:30 | PMI Composite | Dec | |
04:00 | Fixed Asset Investment | Nov | |
04:00 | Industrial production | Nov | |
04:00 | Retail Sales | Nov | |
04:00 | Unemployment Rate | Nov | |
04:00 | NBS Press Conference |