Examlex
The actual price level is assumed to be constant along a given short-run aggregate supply curve.
Normal Curve
A symmetrical, bell-shaped curve that represents the distribution of values, deviations, or probabilities for a set of data in which most measurements cluster around the mean.
Bell-Shaped
A bell-shaped curve is a graph of a distribution that resembles the shape of a bell, typically representing a normal distribution in which the bulk of the values lie towards the center and taper off symmetrically towards the extremes.
Standard Deviation
A measure of the dispersion or variability within a set of numerical data, indicating how spread out the values are.
Mean
The arithmetic average of a set of numbers, found by dividing the sum of all the numbers by the count of the numbers.
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