Examlex
____ arise(s) when consumers want products that they cannot obtain through legitimate forms of acquisition.
Business Cycle
The natural rise and fall of economic growth, consisting of periods of expansion and contraction in the economy over time.
Aggregate Demand
The total demand for goods and services within a particular market or economy at current price levels.
Price Level
The price level is an index that measures the average prices of goods and services in an economy over a period of time.
Real GDP
measures the value of all goods and services produced by an economy in a specific period, adjusted for inflation.
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