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What happens if the economy is at its long-run equilibrium and aggregate demand increases?
Buyer
A person or entity that purchases goods or services.
T-bill
Treasury bill, a short-term government security with a maturity of less than one year, used to finance the national debt.
Simple Interest
The calculation of interest paid or received over a certain period that is based only on the principal amount, not including interest on interest.
Promissory Note
A financial instrument containing a written promise by one party to pay another a definite sum of money either on demand or at a specified future date.
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