Examlex
The Sherman Anti-Trust Act outlaws the restraint of trade and any attempt to monopolize.
Business Activity
Collective commercial, industrial, or professional operations within an economy, indicative of its overall economic health.
MPC
Marginal Propensity to Consume, a measure in economics that indicates the proportion of additional income that a household is likely to spend on consumption rather than saving.
Full Employment GDP
Refers to the maximum level of output that an economy can produce without causing inflation, when unemployment is at its natural rate.
Equilibrium GDP
Equilibrium GDP is the level of real GDP where aggregate demand equals aggregate supply, indicating a state of economic balance without excess demand or supply.
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