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Nervous system effector cells
Expected Price Level
The anticipated average cost of goods and services in an economy over a specific time period.
Aggregate Demand Curve
A graphical representation showing the relationship between the overall price level in an economy and the total demand for goods and services.
Potential Output
The maximum amount of goods and services an economy can produce when it is most efficiently utilizing its resources.
Expansionary Gap
A situation in an economy where actual gross domestic product exceeds the potential GDP, leading to inflationary pressures.
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