Examlex
Techniques to change people and the quality of interpersonal work relationships are termed 'organisational development'.
Real GDP
Gross Domestic Product adjusted for inflation, representing the value of all goods and services produced over a specific period, measured in constant prices.
Aggregate Demand Curve
A curve depicting the total demand for all goods and services in an economy at various price levels, assuming all other factors remain constant.
Short-Run Aggregate Supply Curve
A curve that shows the relationship between the price level and the quantity of goods and services supplied in the economy in the short term, assuming input costs remain constant.
Short-Run Equilibrium
The price level and real GDP that result when the aggregate demand curve intersects the short-run aggregate supply curve.
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