Examlex
What information is needed in order to forecast today's weather?
Aggregate Demand Curve
A curve showing the total demand for goods and services within an economy at various price levels.
Consumption
The action of using goods and services to fulfill needs or desires; usually the largest component of GDP.
Saving
The portion of income not spent on current expenditures or consumables, often put aside for future use or investments.
Opportunity Cost
The penalty of bypassing the alternative that ranks second in preference while making a choice.
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