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In the simple Keynesian model,the aggregate supply curve has a horizontal segment at levels of output below the level of natural Real GDP and a vertical segment at the level of natural Real GDP.
Typical Entrepreneur
Often portrays an individual who is innovative, takes risks, and pursues opportunities for growth and development in business ventures.
Small Businesses
Entrepreneurial ventures or companies with a small number of employees and relatively low revenue, typically characterized by close customer relationships and local operations.
Avert Failure
Strategies or actions taken to prevent or minimize the likelihood of errors, problems, or unsuccessful outcomes.
Fail
The lack of success in achieving a desired outcome or reaching a set standard, often leading to a learning opportunity or reassessment.
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