Examlex
Use the following to answer questions:
Select the word or phrase from the Terms section that best matches the definition or example provided in the Definitions section.
Terms
-A term used to describe the network of trade that linked parts of the pre-Columbian Americas; although less intense and complete than the Afro-Eurasian trade networks, this web nonetheless provided a means of exchange for luxury goods and ideas over large areas.
Aggregate Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price level in an economy.
Aggregate Demand Curve
A graph showing the relationship between the total quantity of goods and services demanded across all sectors of an economy and the price level, all else being equal.
Long-Run Aggregate Supply Curve
A graphical representation that shows the relationship between the overall price level and the quantity of goods and services produced by an economy when all resources are fully employed.
Cyclical Unemployment
The variation in unemployment caused by the ups and downs of economic cycles, including recessions and expansions.
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