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Suppose the U.S. government decides to increase its imports from Turkey. All other things unchanged,
Aggregate Demand
The total demand for all goods and services in an economy at various price levels, over a specific time period.
Long-Run Equilibrium
A state in which all parts of the economy, such as supply and demand, are in balance over a significant period, with no external pressures causing shifts in the market.
Stock Prices
Stock Prices represent the cost of purchasing a share of ownership in a company, reflecting the company's current value as determined by buyers and sellers in the market.
Short-Run Aggregate Supply
The total supply of goods and services that firms in an economy plan on selling during a short time period, given the current level of prices.
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