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Describe the support activities in a value chain.
Real GDP
The measure of a country's economic output adjusted for price changes, reflecting the true value of goods and services produced.
Money Supply
The combined amount of money available in an economy at a given period.
Unemployment
A condition where people who are able and willing to work cannot secure employment despite actively looking for jobs.
Classical Macroeconomic Theory
A school of thought in economics that emphasizes the role of free markets in ensuring economic efficiency and suggests that government intervention in those markets should be minimal.
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