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Quantity of Output
The total amount of a product or service that is produced by a company or an economy.
Short Run
A period in economics during which at least one factor of production is fixed, typically understood as a timeframe insufficient for adjusting all inputs.
Aggregate Demand
Summation of demand for all goods and services in an economy, factored at a certain price level and within a definite time span.
Unemployment
The condition where individuals who are capable of working and are actively seeking a job are unable to find employment.
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