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Stereotypes are always negative.
Potential Real GDP
The highest level of gross domestic product (GDP) that could be achieved if an economy operates at full employment.
Aggregate Demand Curve
A graphical representation showing the relationship between the overall price level and the total demand for all goods and services in an economy.
Quantity of Output
The total amount of goods or services produced by a company, sector, or economy within a specific period.
Price Level
The overall average price of all goods and services currently made in the economy.
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