Examlex
As a result of pair production,a(n) ______________ and a(n) ______________ are produced.
Short-Run Aggregate Supply
The total production of goods and services in an economy at different price levels over a short period, during which some production costs are fixed.
Potential Output
The highest level of real GDP that can be sustained over the long term without increasing inflation.
Price Level
The average of all current prices for goods and services in an economy, reflecting the cost of living.
Real GDP
Gross Domestic Product corrected for the effects of inflation, offering a better measure of the true scale and expansion of an economy.
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