Examlex
Thirst, sex, and hunger are examples of ________ drives.
Aggregate Demand
The overall requirement for products and services in an economic setting, identified at a specific price level and time period.
Short-Run Aggregate Supply
The total supply of goods and services that firms in an economy plan on selling during a short-term period, assuming some input prices are fixed.
Inflation
A sustained increase in the general price level of goods and services in an economy over a period of time, leading to a decrease in the currency’s purchasing power.
Phillips Curve
A macroeconomic model describing an inverse relationship between rates of unemployment and corresponding rates of inflation, suggesting that inflation and unemployment have a stable and inverse relationship.
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