Overheating
Overheating - Definition Occurs when the productive Capacity of the economy is unable to keep pace with growth in Aggregate Demand . It is generally characterized by an above Trend Rate of economic growth and price Inflation .
What is Overheating?
Overheating - Definition Occurs when the productive Capacity of the economy is unable to keep pace with growth in Aggregate Demand . It is generally characterized by an above Trend Rate of economic growth and price Inflation .
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