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Linda and Deepti are walking and jogging on a circular trail. Linda can complete one circuit in 30
Minutes, and Deepti can complete the circuit in 42 minutes. If they both start at the same place at
The same time, when will they be at the starting place at the same time?
Aggregate Demand
The sum total of desires for products and services within an economic entity, marked at a specific price level through a chosen timeframe.
Expansionary Gap
Occurs when an economy's actual output is higher than the potential output, often leading to higher inflation.
Active Approach
A management strategy where decisions are made using discretionary methods to try to outperform the market or a specific benchmark.
Potential GDP
Potential GDP is the maximum possible output an economy can produce with full employment of its resources, without causing inflation.
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