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What are thumbnail sketches and how are they used by an art director?
Large-Scale Unemployment
A situation where a significant portion of the workforce is without jobs, often due to economic downturns, industrial changes, or structural shifts in the economy.
Aggregate Demand
The comprehensive requirement for goods and services across an economy at an established price point within a specific period.
Aggregate Demand Curve
A graph showing the relationship between the total quantity of goods and services demanded across all levels of prices in an economy.
Real Output
The quantity of goods and services produced in an economy adjusted for inflation, representing the actual productivity.
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