Examlex
Gap junctions connect the cytoplasm of a cell with the cytoplasm of an adjacent cell.
Recessionary Gap
A situation where actual economic output is lower than the output that would be achieved at full employment, indicating underutilized resources.
Short-Run Aggregate Supply Curve
A graphical representation showing the relationship between the total production of goods and services and the price level for output in the short-run, acknowledging some input prices are fixed.
Nominal Wages
Wages that are paid to employees not adjusted for changes in price level, representing the amount of money received in the form of wages, before any deductions for taxes or other adjustments.
Aggregate Supply
The total supply of goods and services that firms in an economy plan on selling during a specific time period at various price levels.
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