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Assume the equilibrium price level is 140 and the equilibrium real GDP is $15 trillion. What happens if the current price level equals 125?
Business success
The achievement of desired financial and operational goals within a business, often measured by profitability, market share, and customer satisfaction.
Operational
Pertaining to the day-to-day functions and activities necessary for an organization or process to run effectively.
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Assign probabilities
The act of estimating the likelihood of various outcomes or events happening.
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