Examlex
In the dynamic aggregate demand and aggregate supply model, what is the result of aggregate demand increasing faster than potential GDP?
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Price Fluctuation
Variability in the prices of goods and services over time due to factors like supply and demand dynamics, market conditions, and external economic influences.
Scrap Material
Waste or refuse materials generated during manufacturing or consumption processes, often recyclable or reusable in other forms.
Faulty Production Methods
Refer to manufacturing or production processes that have defects, inefficiencies, or errors, leading to substandard products or increased production costs.
Poor Handling
Inadequate or careless management of items, which often results in damage or loss.
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