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Aggregate Supply
The total amount of goods and services that producers are willing and able to supply at different price levels in an economy over a specific time period.
Aggregate Demand
Total requirement for all products and services in an economy, factored at a certain overall price level during a designated period.
Price Level
The economy's wide-ranging average of prices for every produced good and service.
Price Level
An index of the average price of goods and services in an economy over a period, indicating inflation or deflation.
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