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Output
The total quantity of goods or services produced by a company, industry, or economy within a certain period.
Unemployment
The situation in which individuals who are able and willing to work are not finding employment.
Aggregate Demand
It refers to the total demand for all goods and services within a particular economy at current price levels.
Long Run
A period in economics where all factors of production and costs are variable, allowing companies to adjust to market demands.
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