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Pedro is a psychologist. He has just given his client a checklist of 43 events to go through and has told his client to circle each event that she has experienced during the past year. When she is done, Pedro will add up the assigned point value of her experiences. This score will give him an understanding of her overall stress level and will help him predict her risk for a major health problem within the next two years. Which of the following tools is Pedro likely using with his client?
Aggregate Demand
The complete need for products and services in a specific market area.
Aggregate-Demand Curve
An illustrative chart that demonstrates how the general price level within the economy correlates with the total demand for goods and services at that level.
Short Run
A time period in economics during which at least one input is fixed, typically considered to be within a few months to a year.
Aggregate Supply
The total supply of goods and services that firms in an economy are willing and able to sell at different price levels.
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