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Capital Stock
The total amount of physical goods and financial assets that are used in the production of goods and services in an economy.
Aggregate Demand
The summed demand for goods and services across an economic milieu, set at a specific price level for a given time interval.
Aggregate Supply
Aggregate supply is the total supply of goods and services that firms in an economy plan on selling during a specific time period.
Misperceptions Theory
The theory that suggests business cycles can result from the misinterpretation of economic data by firms and consumers.
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