Examlex
Why is it unlikely that we will find fossils of every extinct species?
Aggregate Expenditure
The total spending on final goods and services in an economy over a specific time period, including consumption, investment, government purchases, and net exports.
Unemployment
The condition of being jobless and actively seeking employment, often measured as a percentage of the labor force.
Price Level
refers to the average of current prices across the entire spectrum of goods and services produced in the economy, often associated with inflation measurements.
Potential Output
refers to the maximum amount of goods and services an economy can produce when it is operating at full capacity, without causing inflation.
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