An expansionary gap is a negative output gap, which occurs when actual output is higher than potential output.
expansionary output gap has occured.
Expansionary fiscal policy refers to policies aimed at increasing demand and thus output. This is done by expanding/increasing government expenditure, reducing taxes or doing a bit of both.
Assume certeris paribus, an expansionary gap is where real GDP is above the full employment, and a contractionary gap is where real GDP is below the full employment.
to encourage growth and try to stop or prevent a recession
Expansionary mode is the growth of the economy during a recession
If it's a synaptic gap then the answer would be neurotransmitter.
An expansionary gap occurs when an economy's actual output exceeds its potential output, typically during periods of strong economic growth. This situation arises when aggregate demand increases significantly, often due to factors like increased consumer spending, government stimulus, or investment. As businesses respond to heightened demand, they may hire more workers and increase production, leading to higher employment and output levels. However, this can also result in inflationary pressures as resources become scarce.
Assuming that the aggregate demand curve does not move, the only way for the gap to be closed is by a shift in aggregate supply. These gaps cause a change in inflation expectations, moving the AS curve left (exp) or right (rec) back to long term equilibrium and changing the inflation rate.
The fed
The income gap is the gap between the rich and the poor. We call that gap the middle class.
the distance between two or more numbers
is a policy that have no demand