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Which of the following theories proposes that negative feelings between groups are often based on a real conflict or competition regarding scarce resources?
Aggregate Supply
The aggregate amount of products and services that suppliers in the economy can and are ready to provide across varying price points.
Macroeconomic Variables
Indicators or factors that reflect the overall health and performance of a country's economy, such as GDP, unemployment rates, and inflation.
Recession
A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
Net Exports
The difference between a country's total value of exports and its total value of imports; a key component of a nation's GDP.
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