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REGULATORY POLICY: Government policy based on government's ability to pass laws and enact regulations.
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RECESSIONARY GAP The difference between the equilibrium real production achieved in the short-run aggregate market and full-employment real production that occurs when short-run equilibrium real production is less than full-employment real production. A recessionary gap, also termed a contractionary gap, is associated with a business-cycle contraction. This is one of two alternative output gaps that can occur when short-run equilibrium generates production that differs from full employment. The other is an inflationary gap.
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Three-forths of the gold mined each year is used to manufacture jewelry.
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"Failure is the opportunity to begin again, more intelligently. " -- Henry Ford, automobile manufacturer
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OOB
Opening of Business
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