potential output (also referred to as "natural gross domestic product") refers to the highest level of real gross domestic product (potential output)...

The GDP gap or the output gap is the difference between actual GDP or actual output and potential GDP, in an attempt to identify the current economic position...

teaching. The IS–LM model shows the relationship between interest rates and output in the short run in a closed economy. The intersection of the "investment–saving"...

Modified gross national income National average salary Per capita income Potential output Productivism Social Progress Index Based on the best available GDP...

key to determining output. Even if Keynes conceded that output might eventually return to a medium-run equilibrium (or "potential") level, the process...

and the stabilization of the welfare-relevant output gap (the gap between actual output and potential output) for central banks. This property is attributed...

defines economic potential as "The total capacity of a nation to produce goods and services.": 174  Productive capacity Potential output Production–possibility...

(maximum output of a firm or nation). It is the relationship between output that is produced with the installed equipment, and the potential output which...

negative, we have a budget deficit. Now, assume an economy already at potential output, meaning Y is fixed. In this case, if the budget deficit increases...

situation with a persistent shortfall relative to full employment and potential output so that unemployment is higher than at the NAIRU or the "natural" rate...

Keynes after them, concerned with failure of aggregate demand to attain potential output, calling this "underconsumption" (focusing on the demand side), rather...

Fourth, rather than a function giving the cost of producing each potential output level, the firm may have input cost functions giving the cost of acquiring...

construction workers had hit an all-time high in 2023, but the industry's potential output was not met and structural changes were needed. In 2022, when Fraser...

long-term economic growth of the supply side, i.e., the growth of potential output. Thus, the situation in which a tight monetary policy may lead to crowding...

concept of full employment of labor corresponds to the concept of potential output or potential real GDP and the long run aggregate supply (LRAS) curve. In...

{Y}}}=c(u-{\overline {u}})} , where Y {\displaystyle Y} is actual output Y ¯ {\displaystyle {\overline {Y}}} is potential GDP u {\displaystyle u} is actual unemployment...

and another at 8 kHz that can be heard by most people. The maximum potential output sound pressure level is stated by the manufacturer to be 108 decibels...

In cardiac physiology, cardiac output (CO), also known as heart output and often denoted by the symbols Q {\displaystyle Q} , Q ˙ {\displaystyle {\dot...

complete explanation of the failure of aggregate demand to attain potential output, i.e., the level of production corresponding to full employment. One...

not due to the failure of the market to achieve potential output, but due to equilibrium potential output having fallen and equilibrium unemployment having...

increase potential output in the long run. Finally, the high demand that a government deficit provides may actually allow greater growth of potential supply...

maintaining a given potential energy Capacity factor, the ratio of the actual output of a power plant to its theoretical potential output Storage capacity...

is drawn for a given value of inflation expectations and level of potential output. Changes in either of these variables as well as a number of possible...

etc.) because of inadequate aggregate demand. We are not attaining potential output, while suffering from cyclical unemployment. We could do a better job...

households and firms.: 528–529  This line of thinking led to the concept of potential output (sometimes called the "natural gross domestic product"), a level of...

have input and/or output filtering to sharply limit frequency response beyond 20 Hz-20 kHz; too much of the amplifier's potential output power would otherwise...

every possible set of inputs and errors must be tested and thus every potential output known; fully independent [separate physical suppliers and programing...

neurons in the subiculum exhibit transitions between two modes of action potential output: bursting and single spiking. The transitions between these two modes...

limit feasible total output. Each point on the curve shows potential total output for the economy, which is the maximum feasible output of one good, given...

the vehicle. The output power of a motor is the product of the torque that the motor generates and the angular velocity of its output shaft. Likewise,...