Examlex
In a database, while queries allow the user to access, read and report on desired data, the responsibility of actually making physical changes to the relational database belongs to the Database Management System (DBMS).
Short-Run Aggregate Demand
The total amount of goods and services that will be purchased at all possible price levels in an economy in a short period.
Aggregate Supply Curve
A graphical representation showing the relationship between the overall price level in an economy and the total output produced by firms.
Long-Run Equilibrium
A state in which supply and demand are balanced over the long term, typically characterized by full employment of resources and stable prices.
Price Level
An index that measures the average prices of goods and services in an economy at a given time.
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