Examlex
Which one of these normally would not be obtained by chemical reduction?
Total Output
The total quantity of goods and services produced within an economy at a given overall price level and within a specified period.
Equilibrium
A state in which market supply and demand balance each other, and, as a result, prices become stable.
Aggregate Demand
The aggregate need for every good and service within an economy, measured at a certain fixed price level during a specific time frame.
Aggregate Supply
Aggregate supply is the total supply of goods and services that firms in a national economy plan on selling during a specific time period, under a given price level.
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