Examlex
Reduce the following rational expression to lowest terms, if possible.
Microeconomic Statement
An assertion or observation that pertains to the individual units of the economy, such as households or businesses, rather than the economy as a whole.
Real Domestic Output
The total value of all goods and services produced within a country's borders adjusted for inflation.
Labor Force
The total number of people available to work, including both the employed and the unemployed who are seeking employment.
General Price Level
An overall measure of the cost of goods and services in an economy at a specific time.
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