Examlex
What is a firm's strategic group and what effect does the strategic group have on the firm?
Aggregate Demand Curve
A curve depicting the total demand for all goods and services in an economy at various price levels, assuming all other factors remain constant.
Short-Run Aggregate Supply Curve
A curve that shows the relationship between the price level and the quantity of goods and services supplied in the economy in the short term, assuming input costs remain constant.
Short-Run Equilibrium
The price level and real GDP that result when the aggregate demand curve intersects the short-run aggregate supply curve.
Federal Funds Rate
The interest rate at which depository institutions lend reserve balances to other depository institutions overnight.
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