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In the Classical model, the level of employment is determined by the level of aggregate demand.
Law Of Increasing
This term seems incomplete. If referring to the "Law of Increasing Costs," it describes how producing more of one good requires increasingly larger sacrifices of other goods.
Production Possibilities Frontier
A graph that represents all the highest production options for two or more products, based on a specific set of resources.
Commodity Per Time
A measure of the rate at which goods or services are produced, delivered, or consumed over a specific period.
Other Commodity
General term for any marketable item produced to satisfy wants or needs, distinct from services.
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