Examlex
In the second year,attraction to __________ declines and __________ increases.
Real GDP
The market value of all final goods and services produced within a country in a given period, adjusted for inflation.
Recessions
Phases of momentary economic slump that lead to a reduction in trading and industrial activities, frequently identified by declining GDP in two successive quarters.
Aggregate Demand
The total demand for all goods and services in an economy at a given general price level and in a given time period.
Aggregate Supply
The aggregate output of goods and services that companies in a national economy aim to market within a given timeframe.
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