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The economy is in equilibrium,TP = TE.Then,autonomous consumption rises.As a result,__________ rises,the __________ curve shifts __________,inventory levels unexpectedly __________,and business firms __________ the quantity of goods and services they produce.
Crude Oil
A natural fossil fuel consisting of hydrocarbon deposits and other organic materials, used primarily for energy and as a raw material in chemicals.
Revenue
The total amount of money that a company receives from its activities, usually from the sale of goods and services to customers.
Identical Demand
A market condition in which all consumers have the same desire or need for a product, leading to a uniform demand curve.
Economic Profit
The balance difference between total revenues and complete costs, encompassing both overt and intangible costs.
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