Examlex
When answering general employment questions, such as "Tell me about yourself," the most important point to include in your answers is:
Real GDP
Real Gross Domestic Product, which is the inflation-adjusted measure of the total value of all goods and services produced within a certain time frame.
Price Level
A gauge for the mean cost of products and services across an economy at a given time.
Short-Run Aggregate Supply
Represents the total supply of goods and services that firms in an economy plan on selling during a short time period, based on the current price level.
Aggregate Demand
The total demand for goods and services within a particular market or economy at a given price level and period.
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