Examlex
The slope of a line is the ratio of the vertical distance covered to the horizontal distance covered along the line.
Real Balance Effect
The influence a change in household purchasing power has on the quantity of real GDP that consumers are willing to buy.
Depression
A severe and prolonged downturn in economic activity, characterized by significant declines in GDP, high unemployment, and deflation.
Aggregate Demand
The total demand for goods and services in an economy at a given overall price level and in a given time period.
Investment Goods
Long-term assets purchased for the purpose of generating income, not directly intended for consumption.
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