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How is an audit trail used in the general ledger and reporting system?
Aggregate Demand
The total demand for all goods and services in an economy at a given overall price level and in a given period.
Macroeconomic Equilibrium
Occurs when aggregate demand equals aggregate supply in an economy, resulting in stable prices, full employment, and balanced economic growth.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price level in a given period.
Quantity Supplied
The total amount of a specific good or service that producers are willing and able to sell at a given price over a certain period of time.
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