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Identify/define and explain the significance of the following: Avignon papacy.
Aggregate-Demand Curve
A graphical representation that shows the total amount of goods and services demanded across all levels of the economy at different price levels.
Investment Spending
Expenditures on capital goods by firms and governments that are intended to increase productive capacity in the future.
Economic Uncertainty
Economic uncertainty involves unpredictable changes in the economic environment that can affect decision making, investments, and economic outcomes.
Price Level
Price level is the average of current prices across the entire spectrum of goods and services produced in the economy.
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