Accommodating policy:
A policy that yields
to the effect of a shock and thereby prevents the
shock from being disruptive; for example, a policy
that raises aggregate demand in response to an
adverse supply shock, sustaining the effect of
the shock on prices and keeping output at its
natural level.
Accounting profit:
The amount of revenue re-
maining for the owners of a firm after all the factors
of production except capital have been compensated.
(Cf. economic profit, profit.)
Acyclical:
Moving in no consistent direction over
the business cycle. (Cf. countercyclical, procyclical.)
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