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Which of the following accounts is not closed during the closing procedure?
Price Level
A measure of the average prices of goods and services in the economy.
Economic Conditions
The state of a country or region in terms of production, employment, and prices, and how these factors influence economic activities.
Aggregate Demand
Aggregate desire for goods and services within an economy at different price points, during a certain period.
Price Level
A measure of the average prices of goods and services in an economy at a specific time, often compared over time to assess inflation or deflation.
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