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Nominal GDP
The total value of all goods and services produced in a country, measured in current prices without adjusting for inflation.
Aggregate Demand
represents the total demand for all final goods and services in an economy at a given time and price level.
Supply Curves
A graphical representation showing the relationship between the price of a good or service and the quantity of it that suppliers are willing to offer at that price.
Real GDP
The measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the true value of goods and services produced.
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