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Suppose you are inside a smooth- flying [no bumps] jet plane moving at constant speed in a straight line across the Atlantic Ocean. Can you detect this motion [i.e., can you tell that you are moving] without directly or indirectly making use of anything outside of your own reference frame? If so, how could you detect this; and if not, why not?
Unemployment
The situation in which individuals who are able and willing to work are not finding employment.
Aggregate Demand
It refers to the total demand for all goods and services within a particular economy at current price levels.
Long Run
A period in economics where all factors of production and costs are variable, allowing companies to adjust to market demands.
Prices
The amount of money required to purchase a good or service, serving as a signal for scarcity and demand in the market.
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