Examlex
Being given a formal leadership position is enough to make a person a leader.
Average Price Level
The average price level is a measure of the overall level of prices in an economy over a period of time, often used to gauge inflation.
Exports
Goods or services that are produced in one country and sold to buyers in another, contributing to a country's foreign trade.
Real Balances
The purchasing power of an individual's or firm's cash in hand, considering inflation or deflation effects.
Macroeconomic Equilibrium
The state in which the aggregate demand equals aggregate supply in an economy, leading to stability in the general price level and full employment.
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