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ABOVE FULL-EMPLOYMENT EQUILIBRIUM

\əbˌʌv fˈʊlɛmplˈɔ͡ɪmənt ˌiːkwɪlˈɪbɹi͡əm], \əbˌʌv fˈʊlɛmplˈɔ‍ɪmənt ˌiːkwɪlˈɪbɹi‍əm], \ə_b_ˌʌ_v f_ˈʊ_l_ɛ_m_p_l_ˈɔɪ_m_ə_n_t ˌiː_k_w_ɪ_l_ˈɪ_b_ɹ_iə_m]\

Definitions of ABOVE FULL-EMPLOYMENT EQUILIBRIUM

1910 - Black's Law Dictionary (2nd edition)

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This occurs when the economy produces goods at a higher rate than normal. The level of normalcy is decided by the gross domestic product or the GDP. This causes the market to balance itself by preventing a shortcoming later.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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