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Which of the following has the highest per capita discretionary income?
Equilibrium Output
The level of output at which the quantity of goods produced equals the quantity of goods consumed, often resulting in market stability.
Short-Run Aggregate Demand
The total amount of goods and services that will be purchased at all possible price levels in an economy in a short period.
Aggregate Supply Curve
A graphical representation showing the relationship between the overall price level in an economy and the total output produced by firms.
Long-Run Equilibrium
A state in which supply and demand are balanced over the long term, typically characterized by full employment of resources and stable prices.
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