Examlex
In the context of the second realignment in American history, the Democrats appealed to:
Aggregate Demand
The total demand for all goods and services in an economy at any given overall price level and in a given time period.
Price Level
A measure of the average prices of goods and services in an economy at a given time, often used as an indicator of inflation.
Short-Run Aggregate Supply Curve
A graphical representation that shows the relationship between the total supply of goods and services produced by a country at various price levels in the short-run.
Actual Price Level
The current general level of prices for goods and services in an economy, which can be compared to past levels to assess inflation or deflation.
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