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All real engines are less efficient than the Carnot engine because
Aggregate-Demand Curve
A curve showing the relationship between the total quantity of goods and services demanded across all sectors of an economy and the overall price level, ceteris paribus.
Domestic Goods
Products and services that are produced within a country's borders and are consumed domestically.
Price Level
The current standard price across the broad array of goods and services in the economic sphere.
Predict Recessions
The process of forecasting a period of economic decline across the economy, typically recognized by a decrease in GDP in two successive quarters.
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