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Why would you use a round PATA ribbon cable instead of traditional flat cable?
Short-Run Aggregate Supply
Represents the total supply of goods and services that firms in an economy plan on selling during a short-term period, given the level of prices.
Long-Run Aggregate Supply
Represents the total output an economy can produce when both capital and labor are fully employed, assuming constant technology and resources.
Real GDP
The total value of goods and services produced in a country, adjusted for inflation or deflation, providing a more accurate measure of economic output.
Potential Output
The highest level of real GDP that an economy can achieve when it is operating at full capacity, without causing inflation.
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