Examlex
Which of the following questions would best enable you to remember that you saw the word PEACH on today's test?
Stagflation
An economic condition characterized by slow economic growth, high unemployment, and rising prices (inflation).
Economy
The organized system of human activity involved in the production, consumption, and distribution of goods and services in a particular geographic or political area.
Economic Contraction
A decline in national output as measured by GDP, often marked by a decrease in spending, investment, and general economic activity.
Aggregate Supply
The total supply of goods and services that firms in an economy are willing and able to sell at a given overall price level in a given time period.
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