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Aggregate Supply
The total supply of goods and services that firms in an economy plan on selling during a specific time period at various price levels.
Aggregate Demand
The comprehensive market demand for all types of goods and services within an economy, pegged at a certain price level throughout a specific time period.
Future Generations
Refers to the people who will live in the future, whose interests are considered in various aspects of planning and policy-making, especially in environmental and sustainability contexts.
Keynesian Analysis
An economic approach that emphasizes the role of aggregate demand in influencing economic output and inflation.
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