Examlex
The Plain English writing style in business letters includes the following features:
Money Supply
The total quantity of money available in the economy at a specific time, including cash, coins, and balances held in checking and savings accounts.
Recessionary Gap
This occurs when equilibrium GDP is less than full-employment GDP.
Aggregate Demand
The total demand for all goods and services within an economy at a given overall price level and in a given time period.
Labor Productivity
Labor productivity measures the output of goods and services produced by labor per unit of time, often assessed to evaluate the efficiency of a workforce.
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