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The activated sludge process
Planned Aggregate Expenditure
The total amount households, businesses, and the government plan to spend on goods and services at different levels of national income.
Production
The process of combining various material inputs and immaterial inputs (plans, know-how) to make something for consumption (the output).
Inventories
Goods and materials that a business holds for the purpose of sale or production in the future.
Autonomous Investment
Investment that is not influenced by the current level of income or production, often driven by technological innovations or changes in policy.
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