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Inflation
An increase in the general price level of goods and services in an economy over a period of time.
Cost-Push Inflation
Inflation resulting from a rise in the cost of inputs such as labor, raw materials, and so forth, which subsequently reduces the availability of these goods.
Aggregate Demand Curve
A graphical representation showing the total demand for all goods and services in an economy at different price levels.
Aggregate Supply Curve
A graphical representation that shows the total quantity of goods and services producers are willing to supply at different price levels in an economy.
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