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The average gestation period (length of a pregnancy) for humans is 40 weeks. If a child if born after just 36 weeks, what was the percentage of this gestation period compared to the normal length?
Long-Run Aggregate-Supply
is the total supply of goods and services that a country's economy can produce over time when all inputs are used to their full potential.
Aggregate Demand
It's the total demand for goods and services in an economy at a given overall price level and in a given time period.
Aggregate Supply
The total supply of goods and services that firms in an economy are willing and able to sell at a given price level in a given time period.
Consumption Expenditures
The total amount spent by households on goods and services for personal use within a specified period.
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