Examlex
What are counterweights?
Money Supply
The sum of all available money in an economy at a given moment, encompassing cash, coins, and bank account balances.
Real GDP
The measure of the value of economic output adjusted for price changes (inflation or deflation), reflecting the real volume of production.
Price Level
The overall price mean for each and every product and service in the economic sector.
Aggregate Supply Curve
A graphical representation showing the relationship between the overall price level in an economy and the total output produced by firms at that price level.
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