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Inflation Rate
The velocity at which the broad price level of goods and services climbs, reducing purchasing capability.
Aggregate Demand
The total demand for all goods and services within a particular economy at a given overall price level and in a given period.
Aggregate Supply
The total output of goods and services that producers in an economy are willing and able to supply at a given overall price level in a specified time period.
Price Levels
The midpoint of prices for every type of good and service produced economically.
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