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Exhibit 10A-6 Aggregate demand and supply model
Beginning from a point of short-run equilibrium at point E2 in Exhibit 10A-6, the economy's movement to a new position of long-run equilibrium from that point would best be described as:
Budget Constraint
The limitation on the consumption of goods and services imposed by a consumer's income and the prices of those goods and services.
Income
The total amount of money received by an individual or group over a specific time period, coming from various sources like wages, investments, or government assistance.
Apples
Edible fruits produced by an apple tree, characterized by their sweet taste and crisp texture, consumed worldwide.
Bananas
Edible fruits from plants of the genus Musa, commonly enjoyed worldwide and known for their nutritional value.
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