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Term of the Day
output gap
output
outright forward
Definition
The
amount
by which a country's
output
, or
GDP
,
falls
short of what it could be given its
available
resources
. A
positive
output
gap
is considered to exist when a country's
unemployment rate
is greater than the
NAIRU
.
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Nearby Terms
out-of-date cheq...
out-of-favor
out-of-pocket
outperform
output
output gap
outright forward
outright futures...
outright option
outsell
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