Examlex
A(n) ________ in inflationary expectations that causes firms to increase their prices shifts the aggregate supply curve to the ________.
Efficiently
The quality of achieving maximum productivity with minimum wasted effort or expense, often used in the context of economic resource allocation.
Legal System
A framework of laws and regulations that govern the behavior of individuals, organizations, and governments.
Property Rights
Rights to own, utilize, and manage assets legally.
Production Possibilities Curve
A visual diagram demonstrating the highest potential production pairings of two products or services that can be attained by an economy when every resource is used completely and effectively.
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