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Dr. Maizenblu was testing out a new medication used to treat depression. He had 150 participants who had varying levels of depression. Because he wanted to see whether a new drug really worked, he separated the severely depressed from the mildly or moderately depressed. He then made sure the severely depressed group actually received the drug while the other group received the placebo. What error, if any, did Dr. Maizenblu make in this experiment?
Aggregate-Demand Curve
A graph that shows the relationship between the overall price level and the total demand for goods and services in an economy.
Money Supply
The total of all monetary assets within an economy at a specific instant, comprising cash, coins, and balances in checking and savings.
Long-Run Aggregate-Supply
is the total supply of goods and services that a country's economy can produce over time when all inputs are used to their full potential.
Aggregate Demand
It's the total demand for goods and services in an economy at a given overall price level and in a given time period.
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