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Heather notes that it is always easier to understand her sister's speech when they converse on Skype as compared to conversing on the telephone. Her sister believes that the sound quality on Skype may be better than on her smart phone. However, Heather thinks about her Cognitive Psychology class and reasons that the phenomenon may be an illustration of
Keynesian Range
A portion of the Keynesian aggregate supply curve where total production is influenced by changes in aggregate demand, leading to fluctuations in output and employment levels.
Aggregate Demand
Aggregate demand represents the total demand for goods and services within a specified economy at a given overall price level and in a given time period.
Determinant of Employment
Factors that influence the hiring decisions of employers and the availability of jobs within an economy.
Demand Creates
The assertion that consumer demand drives the production and supply of goods and services in the market.
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