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What are the criteria for IMC objectives? Give an example.
Full-Employment Equilibrium
A scenario where all accessible labor resources are utilized in the most economically effective manner.
Aggregate Supply (AS) Curve
A graphical representation in economics that shows the total supply of goods and services that firms in an economy are willing to produce at a given price level in a given period.
Price Level
The average of current prices across the entire spectrum of goods and services produced in the economy, an indicator of inflation or deflation.
Output Produced
The total quantity of goods and services produced by an economic system during a given period.
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