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In a Formula for a Chemical Reaction,the Substances on the Right

question 115

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In a formula for a chemical reaction,the substances on the right of the arrow are referred to as products.


Definitions:

Aggregate Supply

The complete inventory of goods and services that businesses in an economic setting aim to sell during a designated timeframe.

Aggregate Demand

The total demand for all goods and services in an economy at a given overall price level and in a specific time period, comprising of consumption, investment, government spending, and net exports.

Aggregate Supply

The aggregate amount of products and services that companies within an economy intend to sell over a certain period.

Price Level

The mean market price of all goods and services produced in the current economy.

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