Examlex
Digital tools such as Facebook, Twitter and Instagram are used for one-way communication with customers and suppliers.
Short-Run Aggregate-Supply
A variation in phrasing to describe the responsiveness of the quantity of goods and services produced by an economy to a change in price level in the short term.
Output
The total amount of goods and services produced by an economic system.
Price Level
An index of the average prices of goods and services in an economy over a given period of time, indicating the cost of living and inflation.
Price Level
A measure of the average price of goods and services in an economy at a given time, often used to discuss inflation or deflation.
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