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Aggregate Demand Curve
The Aggregate Demand Curve represents the total quantity of all goods and services demanded by the economy at different price levels.
Equilibrium Real National Output
The level of output where aggregate supply equals aggregate demand in an economy, adjusted for inflation.
Inventories
Goods that have been produced but remain unsold.
Production
The process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output).
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