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What is the term to denote a method that is invoked on a class instead of on an object?
Aggregate Expenditure Line
A graphical representation that shows the total amount of spending in an economy (consumption, investment, government spending, and net exports) at various levels of income.
Marginal Propensity to Consume
The fraction of any increase in disposable income spent on consumption, highlighting how consumption changes as income changes.
Price Level
Price level indicates the average of current prices across the entire spectrum of goods and services produced in the economy, often compared over time to assess inflation or deflation.
Aggregate Demand Curve
The total demand curve illustrates the overall volume of goods and services the economy requires at various price points.
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