Examlex
When making decisions about whether to accept a research manuscript for publication,journal editors evaluate the manuscript to determine
Expansionary Gap
A situation where the real GDP is higher than the potential GDP, often leading to inflationary pressures as demand outstrips supply.
Price Level
The collective median of current prices for goods and services in the economy.
Short-Run Aggregate Supply Curve
A curve that shows the relationship between the price level and the quantity of goods and services that firms are willing and able to supply in the short run.
Quantity Supplied
The total amount of a good or service that producers are willing and able to sell at a given price over a specific time period.
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