Examlex
Each level in Kohlberg's theory of the development of moral reasoning is based on the degree to which a person conforms to conventional standards of society.
Economic Conditions
The state of a country or region in terms of production, employment, and prices, and how these factors influence economic activities.
Aggregate Demand
Aggregate desire for goods and services within an economy at different price points, during a certain period.
Price Level
A measure of the average prices of goods and services in an economy at a specific time, often compared over time to assess inflation or deflation.
Equilibrium Output
The level of output where the aggregate supply equals aggregate demand, meaning there is no tendency for the economy to change size.
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