Examlex
Governments that steal from their own citizens are known as ________.
Actual Output
The total value of goods and services produced by an economy at a given period, also known as real GDP.
Aggregate Supply
The total supply of goods and services produced within an economy at a given overall price level and in a given time period.
Price Level
The average of current prices across the entire spectrum of goods and services produced in the economy, often used as a measure of inflation.
Expected Price Level
The anticipated average level of prices in the economy for goods and services, as predicted by consumers and businesses.
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