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Two masses are being pulled up a 30.0 degree incline by a force F parallel to the incline. The acceleration up the incline is 1.00 m/s2 and the velocity is up the incline. The force is applied to a 200 kg mass, and a string connects the 200 kg mass to a 150 kg mass. The coefficient of kinetic friction is 0.200. The tension in the string is
Real GDP
Gross Domestic Product adjusted for inflation, providing a more accurate reflection of an economy’s size and growth rate.
Aggregate Supply Curve
A graphical representation showing the relationship between the overall price level in an economy and the total output produced by that economy at various price levels.
Price Index
A number that shows the average price of products; changes in a price index over time show changes in the economy’s average price level.
Price Level
A measurement of the average of current prices across the entire spectrum of goods and services produced in the economy.
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