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Define
Definitions for
"Above full-employment equilibrium"
Keywords:
macroeconomic
,
gdp
,
equilibrium
,
exceeds
,
aggregate
A situation in which macroeconomic equilibrium occurs at a level of real GDP above long-run aggregate supply.
econplace.com
An above full-employment equilibrium is a macroeconomic equilibrium in which real GDP exceeds potential GDP.
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