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A Hertzsprung-Russell Diagram (H-R Diagram)is a Plot of ________

question 6

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A Hertzsprung-Russell diagram (H-R Diagram) is a plot of ________.


Definitions:

Full Employment GDP

Full Employment GDP is the output level produced by an economy when all its labor and resources are employed at their maximum efficiency.

Multiplier

refers to a factor by which an initial change in spending will ultimately change the total economic output more than the initial amount.

Multiplier

In economics, a factor by which an initial change in spending will alter total economic output due to follow-on effects.

Inflationary Gap

A situation where the total demand in an economy exceeds the total supply at the current price level, often leading to inflation.

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