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Studies of visual perception indicate that infants under six months
Menu Costs
The costs of changing prices.
Price Level
The average of current prices across the entire spectrum of goods and services produced in the economy, serving as an indicator of inflation or deflation.
Aggregate Quantity
The total amount or sum of goods and services produced or supplied in an economy at a given overall price level during a specific time period.
Aggregate Demand
The total demand for all goods and services within an economy at different price levels, during a specified time period.
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