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Discuss the sources and impact of the various social movements of the 1960s,including feminism,Black Power,Brown Power,Red Power,and the New Left.
Aggregate Supply
The total supply of goods and services that firms in an economy plan on selling during a specific time period at various price levels.
Potential Output
The maximum amount of goods and services an economy can produce when it is most efficiently using all its resources.
Recessionary Gap
A situation where an economy's real GDP is lower than its potential GDP, indicating underutilized resources.
Inflation Rate
measures the annual percentage increase in the average price level of goods and services across the economy.
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