The figure below shows the short-run aggregate demand and supply curves of an economy.In this figure,the distance between Y1 and Y2 represents:
Figure 10.2
Definitions:
Net Present Value
A financial metric that calculates the present value of all cash flows associated with a project, considering both inflows and outflows, to assess profitability.
Initial Investment
The amount of money used to start a project, investment, or venture for the first time.
Average Annual
refers to the yearly average of any given set of data, often used in financial contexts to denote the average return, cost, or other financial metrics over a year.
Discount Rate
The interest rate used to determine the present value of future cash flows, or the rate at which central banks lend to financial institutions.
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