Examlex
Discuss why short term predictions of earthquakes are not yet entirely reliable, while volcanoes are more easily predicted.
Investment
Investment is the act of allocating resources, usually money, with the expectation of generating an income or profit.
Short-Run Aggregate-Supply
A variation in phrasing to describe the responsiveness of the quantity of goods and services produced by an economy to a change in price level in the short term.
Output
The total amount of goods and services produced by an economic system.
Price Level
An index of the average prices of goods and services in an economy over a given period of time, indicating the cost of living and inflation.
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