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Consider a Simple Macro Model with a Constant Price Level

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Consider a simple macro model with a constant price level and demand-determined output. When national income falls short of desired aggregate expenditures, unplanned inventory will induce firms to
The rate of output production.


Definitions:

Radial Cleavage

A type of embryonic development in some animals where cell divisions occur parallel or perpendicular to the vertical axis of the embryo, contributing to its radial symmetry.

Deuterostomes

Animals characterized by the development of the anus from the first opening in the embryo, with the mouth forming later, including vertebrates and some invertebrates.

Protostomes

A group of animals characterized by developing the mouth before the anus during embryonic development, includes mollusks and arthropods.

Determinate Cleavage

Type of cleavage, characteristic of protostomes, in which the fate of each cell is determined when the cell is produced. Compare with indeterminate cleavage.

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