Examlex
You are able to perceive your own body because your brain creates an internal model of the body, which is referred to as the __________.
Short-Run Aggregate-Supply Curve
A graphical representation that shows the relationship between the total production of goods and services and the price level for those goods and services in the short-term.
Price Level
An index that measures the average of current prices across the entire spectrum of goods and services produced in the economy compared to a reference point.
Output
The total quantity of goods and services produced by an economic system.
Short Run
A period in economics during which at least one input is fixed while others are variable, commonly used to analyze short-term decision-making.
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