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Violent crime and temperature both increase during the summer months. From this relationship we can conclude that:
Natural Level
Refers to a state that an economic variable tends to trend towards in the long term, unaffected by short-term fluctuations.
Output
In economics, output refers to the total amount of goods and services produced by an economy or a firm in a given period.
U.S. Net Exports
The value difference between what the United States exports to other countries and what it imports, which can be positive (surplus) or negative (deficit).
Aggregate Demand
The total call for goods and services throughout an economy, calculated at a predetermined price level during a given time period.
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