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Price Level
An overall average price for the full range of goods and services in the economy.
Net Exports
The value of a country's total exports minus its total imports, indicating the balance of trade between a country and its trading partners.
Aggregate Demand
The overall appetency for every good and service in an economy, evaluated at a decided overall price level during a distinct timeline.
Crowding-out Effect
The phenomenon where increased government spending leads to a reduction in private sector investment, possibly due to higher interest rates or available resources.
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