Examlex
Empowerment means allowing employees to make decisions on how to best perform their jobs.
Aggregate Supply
The total supply of goods and services produced within an economy at a given overall price level and in a given time period.
Price Level
The average of current prices across the entire spectrum of goods and services produced in the economy, often used as a measure of inflation.
Expected Price Level
The anticipated average level of prices in the economy for goods and services, as predicted by consumers and businesses.
Actual Price Level
The current market price of goods and services, reflecting the buying power of money at a given time.
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