Examlex
Facts and figures obtained by watching, either mechanically or in person, how people actually behave are referred to as ________ data.
Price Level
A measure of the average prices of goods and services in an economy at a given time, often used to evaluate inflation or deflation.
Aggregate Output
The total quantity of goods and services produced in an economy at a given overall price level in a given period.
Aggregate Supply
The overall provision of goods and services that businesses in an economic setup aim to sell during a certain period.
Economic Expansion
A period characterized by increased business activity and growth in the economy's overall output.
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