When an Argument Is Declared in a Procedure with the Keyword

question 18

Short Answer

When an argument is declared in a procedure with the keyword ____________________,it means that the procedure has access to the value of the passed argument,but it does not actually reference the variable declared in the calling procedure.

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Definitions:

Short-Run Aggregate-Supply

A variation in phrasing to describe the responsiveness of the quantity of goods and services produced by an economy to a change in price level in the short term.

Output

The total amount of goods and services produced by an economic system.

Price Level

An index of the average prices of goods and services in an economy over a given period of time, indicating the cost of living and inflation.

Price Level

A measure of the average price of goods and services in an economy at a given time, often used to discuss inflation or deflation.