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How Are Potential GDP, Full Employment and the LAS Curve

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How are potential GDP, full employment and the LAS curve related?


Definitions:

Batches

Groups or sets of goods or materials that are processed or produced at the same time.

HIV Virus

Human Immunodeficiency Virus, a virus that attacks the immune system and can lead to Acquired Immunodeficiency Syndrome (AIDS) if not treated.

Mean Number

The arithmetic average of a set of values or quantities, computed by dividing the total of all values by the number of values.

Blood Samples

Specimens of blood collected for analysis or testing for medical purposes.

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