Examlex
What is SWOT analysis?
Vertical Aggregate Supply Curve
A graphical representation where the aggregate supply does not change with the price level, indicating an economy at full employment.
Classical Economists
A group of 18th and 19th-century economists who believed in the theory that markets operate under the laws of supply and demand and that markets will self-regulate.
Unemployed Resources
Factors of production such as labor, capital, and natural resources that are not currently being used in the production process.
Aggregate Demand Curve
A curve that shows the total quantity of all goods and services demanded across all levels of an economy at any given price level.
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