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General Price Level
An index that shows the average price of goods and services across the economy over a period of time.
Real Wages
Wages adjusted for inflation, reflecting the purchasing power of income earned from work.
Output per Worker
A measure of labor productivity calculated as the total output produced divided by the number of workers.
Market Supply Curve
A graphical representation showing the quantity of a good that sellers are willing and able to sell at different prices.
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