Examlex
Which of the following measures the overall price level?
Principal
This term refers to the original sum of money borrowed in a loan or the initial amount of investment before earnings or losses.
Expansionary Gap
A situation where the output of an economy is greater than the full employment output, often leading to inflation.
Long-Run Equilibrium
A state in which all factors of production are used efficiently, market supply and demand are balanced, and there is no tendency for change in the economic variables.
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