Examlex
Which statement accurately describes travel to Oregon or California on the overland trails during the 1840s?
Output
The total amount of goods and services produced by an economy, company, or sector.
Short-Run Aggregate Supply
The total supply of goods and services that firms in an economy want to sell at a given price level in the short term.
Spending Multiplier
A concept in economics that represents how changes in autonomous spending lead to changes in total economic output.
Budget Surplus
A situation where a government's revenues exceed its expenditures within a specific period.
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