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"He [the producer] intends only his gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention." What famous economist made this statement?
Great Depression
A severe worldwide economic downturn that took place mostly during the 1930s, leading to high unemployment, low output, and deflation.
Curve
In economics, a curve often represents graphical data showing relationships between two variables, such as supply and demand or price and quantity.
Production
The process of creating goods and services, from the input of resources to the output of finished products.
Price Level
The average of the current prices of goods and services in the economy, often compared over time to assess inflation.
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