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Aggregate Supply Curve
This represents the total supply of goods and services that firms in an economy are willing to sell at a given price level during a specified time period.
Macroeconomic Equilibrium
A state where aggregate supply equals aggregate demand, resulting in a stable economy without tendencies to change.
Great Depression
A severe worldwide economic downturn that lasted from 1929 until the late 1930s, characterized by massive unemployment and deflation.
Government Policy
The deliberate action or inaction by a government or public authority to address public issues and promote welfare.
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