Examlex
By age 60, what percentage of strength is lost in most people?
Say's Law
An economic theory that suggests that supply creates its own demand, meaning that production inherently generates a demand for the goods produced.
Open Economy
An economy linked to the rest of the world through international trade.
Equilibrium GDP
The level of GDP at which total demand for goods and services equals total supply in an economy, indicating a state of economic balance.
Aggregate Demand
The entirety of demand for goods and services within an economy, at a chosen general price level and throughout a specified time period.
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