Examlex
Match the accomplishments with the stage in which they occur.
-abstract reasoning
Recessionary Gap
A situation where the real Gross Domestic Product (GDP) is lower than the potential GDP, indicating underperformance in the economy.
Aggregate Demand Curve
A graphical representation of the relationship between the total demand for goods and services in an economy at different price levels.
Long-Run Aggregate Supply
The total quantity of goods and services an economy can produce when resources are fully employed, assuming constant technology and factors of production.
Labor Force
The total number of people employed and unemployed, seeking employment in an economy.
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