Examlex
What are shell variables? What are environment and user-defined variables?
Short-Run Aggregate Supply
The total production of goods and services in an economy at different price levels in the short-term, considering wages and resource prices as sticky.
Short-Run Aggregate Supply
The total production of goods and services in an economy at different price levels over a short period, during which some production costs are fixed.
Potential Output
The highest level of real GDP that can be sustained over the long term without increasing inflation.
Price Level
The average of all current prices for goods and services in an economy, reflecting the cost of living.
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