Examlex
In an interview, information elicited early from an interviewee carries greater weight than information elicited later.
Total Output
The total value of all goods and services produced in an economy during a specific time period.
Government Purchases
Involves spending by the government on goods and services that directly contribute to the economy's aggregate demand.
Real GDP
Real Gross Domestic Product, which is the inflation-adjusted measure of the total value of all goods and services produced within a certain time frame.
Price Level
A gauge for the mean cost of products and services across an economy at a given time.
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