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ceiling (E3)<br />A peak in economic actJv1ty; the maximum level of production in a BUSINEss CYCLE Or TRADE CYCLE after which there is a downturn in output, employment and prices. The peak is often associated with FULL EMPLOYMENT of the factors of production: shortages of skilled labour and BOTTLENECKs in production bring about a decline from peak activity.<br /><em>See also:</em> crisis; floor
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<strong>ACG</strong> – Academic Competitiveness Grant, a new federal grant available as of July 1, 2006. Eligibility for this grant is based on high school academic performance as well as financial need. More information is available at:
http://studentaid.ed.gov/PORTALSWebA...sp?tab=funding.
soft landing (E6)<br />Reaching a desired macroeconomic position for a country painlessly. Usually a landing of this kind makes possible the reduction of inflation without causing a recession.
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