Examlex
Match the combining forms with their meanings.
-horny tissue; hard; cornea
Potential Output
This refers to the maximum output an economy can produce without leading to inflation, assuming all resources are fully utilized.
Actual Price Level
The Actual Price Level refers to the current general level of prices for goods and services in the economy at a specific point in time.
Actual Price Level
The current average of all prices of goods and services in an economy, indicating the cost of living and the economic environment.
Potential Output
The maximum amount of goods and services an economy can produce when it is fully employing its resources.
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