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Instructions: Identify the following terms:
passive resistance
Stagflation
An economic condition characterized by high inflation, high unemployment, and stagnant demand in a country’s economy.
Aggregate Demand
The collective demand for all goods and services within a particular economy at a specific price level and time period.
Aggregate Demand
is the total demand for all goods and services within a particular market or economy at a given price level and in a given time period.
Economic Fluctuations
Variations in the level of economic activity in a country over time, characterized by periods of boom and recession.
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