Examlex
Explain how a corporation is formed,and identify all of the issues that must be considered when contemplating this choice of business vehicle.
Velocity
The rate at which money is exchanged from one transaction to another and how much a unit of currency is used in a given period.
Aggregate Demand-Aggregate Supply Model
A macroeconomic model that explains price levels and the output levels of an economy through the relationship between aggregate demand and aggregate supply.
Long Run Equilibrium
An economic condition where all factors of production and costs are variable and the market is fully adjusted to any changes.
Short Run Equilibrium
A situation in economics where demand and supply are balanced at current prices within a short timeframe.
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