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Run tests are useful in helping to identify nonrandom variations in a process.
Price Level
A measure of the average of current prices across the entire spectrum of goods and services produced in the economy.
Money Demand
The desire to hold cash or cash-equivalents and the quantity of money that individuals or businesses want to hold.
Government Expenditures
The total amount of money that a government spends on public services, infrastructure, defense, and welfare programs.
Business Cycle
The fluctuations in economic activity that an economy experiences over a period of time, characterized by periods of boom and recession.
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