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Aggregate Supply
The aggregate amount of products and services that businesses intend to offer for sale in the market within a given timeframe.
Economic Fluctuations
Variations in the level of economic activity in an economy over a period of time, including phases of expansion and contraction.
Business Cycle
The fluctuations in economic activity that an economy experiences over a period of time, characterized by periods of expansion (growth) and contraction (recession).
Recessions
Intervals of provisional economic contraction, during which commerce and industry slow down, often indicated by a dip in GDP across two sequential quarters.
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