Examlex
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Aggregate Supply
The total supply of goods and services that firms in an economy plan on selling during a specific time period.
Keynesian Policies
Economic strategies based on the ideas of John Maynard Keynes that advocate for government intervention to manage demand and stabilize the economy.
Stagflation
A situation in an economy where inflation is high, economic growth slows, and unemployment remains steadily high.
Price Level
The price level is a measure of the average prices of goods and services in the economy, indicating the purchasing power of money.
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