Examlex
Insert the correct response. Reduce ratios and fractions to the lowest terms.
-Change 7:20 to a decimal number. ____________________
Aggregate Demand
The total demand for goods and services within a particular market or economy at a given price level and period.
Equilibrium Output
The level of output where the quantity of goods produced equals the quantity of goods consumed, resulting in a stable economy.
Government Expenditure
The total amount of spending by a government on goods, services, and public works.
Output
The quantity of goods or services produced in a given period by a firm, industry, or country.
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