Output gap

News


Gender pay gap

80% of UK companies and public sectors organisations pay women less than men.

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Output gap - definition

An output gap is a gap that exists between the long run aggregate supply curve (LRAS curve) and the actual short term equilibrium level of output (real GDP) - Ye in the diagram. Output gaps can be positive, where equilibrium is greater than the currency LRAS, or negative, when it is less than LRAS.

Output gaps

 


WTO rules

What exactly is the 'most favoured nation' rule?

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Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

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Customs unions

Costs and benefits of customs unions.

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New materials

Multiple choice papers for Paper Three.

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Savings ratio

Savings ratio falls to lowest level on record.

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