Examlex
Recalling the names of the members of a famous football team is an example of
Long-Run Aggregate Supply Curve
A vertical line representing the maximum amount of goods and services an economy can supply when it is fully employed, regardless of price levels in the long term.
Aggregate Demand Curve
A curve that illustrates the total demand for goods and services in an economy at various price levels.
Capital Stock
The total amount of physical, financial, and human capital available in an economy, used to produce goods and services.
Gross Investment
The total amount of investment spent on new fixed investment plus replacement investment, without accounting for depreciation.
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