Examlex
Slapping a friend on the back when he has partial airway obstruction is the best way to dislodge the foreign object.
Aggregate Demand Curve
A curve that represents the total demand for all goods and services in an economy at different price levels, holding all else constant.
Price Level
An index that measures the average prices of goods and services within an economy over a period of time.
Aggregate Quantity Demanded
The total quantity of a good or service that consumers are willing and able to purchase at a given price level in a given market.
Classical Economists
Economic theorists from the 18th and 19th centuries, including figures like Adam Smith, David Ricardo, and John Stuart Mill, who focused on the idea of free markets, self-regulating economies, and the importance of competition.
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