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Define
-confession of judgment
Aggregate Supply
The total supply of goods and services that firms in an economy plan on selling during a specific time period at prevailing price levels.
Technology Advances
Progress in technology that improves efficiency, creates new products, or enhances the quality of existing products.
Aggregate Supply
The overall volume of goods and services that enterprises in an economy expect to sell within a specific time interval.
Aggregate Demand
The combined quantity of goods and services that is sought in the economy, set at a certain price level for a specific period.
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