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List the advantages and disadvantages of simple random sampling.
Short-run Aggregate Supply
The total quantity of goods and services that producers in an economy are willing and able to produce and sell at a given overall price level in a given period, with some input prices not fully adjusted.
Long-run Aggregate Supply
Long-run aggregate supply represents the total output an economy can produce when it is fully employing its resources, reflecting the economy’s potential growth rate without accelerating inflation.
Aggregate Supply
The aggregate amount of products and services that businesses within a country intend to offer for sale over a particular period.
Equilibrium Output
The level of output where the quantity demanded equals the quantity supplied in a market, leading to no pressure for change.
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