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Consider two equal-volume flasks of gas at the same temperature and pressure. One gas, oxygen, has a molecular mass of 32. The other gas, nitrogen, has a molecular mass of 28. What is the ratio of the number of oxygen molecules to the number of nitrogen molecules in these flasks?
Macroeconomic Equilibrium
A state in which aggregate supply equals aggregate demand, meaning all goods and services produced are purchased, without any involuntary inventory buildup.
Aggregate Demand
The total demand for all goods and services within a particular market.
Real GDP
The measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the actual value of goods and services produced over a specific period.
Equilibrium
A state in economics where supply equals demand, resulting in a stable market condition where there is no tendency for change.
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