Examlex
What sorts of things do students learn from the hidden curriculum?
Real GDP
The measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the real value of goods and services produced.
Employment Level
Refers to the total number of people currently employed in the economy, indicative of its health and labor market status.
Price Level
An index that measures the average prices of goods and services in an economy at a given time.
AS Curve
The Aggregate Supply curve, depicting the total supply of goods and services that firms in an economy will produce at different price levels.
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