Examlex
What are the only byproducts left after ideal combustion in the internal combustion gasoline engine?
Price Level
The median price level across all goods and services offered in the economic landscape.
Aggregate Supply Curve
A graph that shows the relationship between the overall price level in an economy and the total output (goods and services) that producers are willing to supply.
Aggregate Demand
The total demand for all goods and services in an economy at a given overall price level and in a given time period.
Real GDP
Gross Domestic Product adjusted for inflation, providing a more accurate measure of an economy's size and how it's growing over time.
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