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Aaron received a promotion at work. As a result, he eats out at restaurants more. For Aaron, eating out at restaurants is _____ good.
Real Gross Domestic Product
Real Gross Domestic Product (Real GDP) measures the value of all goods and services produced by an economy over a specific period, adjusted for inflation, reflecting the actual growth in economic output.
Price Level
An average of the current prices of goods and services in an economy, which can fluctuate with changes in production, demand, and inflation.
Laissez-Faire
An economic philosophy of free-market capitalism that opposes government intervention.
Great Depression
A severe worldwide economic downturn that took place during the 1930s.
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