Examlex
Explain why the United States has a dominant two-party system.
Aggregate Supply Curve
Represents the total quantity of goods and services that producers in an economy are willing and able to supply at a given overall price level in a given time period.
Price Level
Indicates the overall level of prices for goods and services in an economy at a specific point in time, reflecting the economy's cost of living.
Aggregate Demand
Aggregate demand for products and services within an economy at a certain uniform price point during a specified period.
Federal Budget Deficit
The financial situation when a government's expenditures exceed its revenues within a fiscal year, leading to borrowing or debt accumulation.
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