Examlex
A __________ is a set of rules that govern how devices on a network exchange information and function in order to "talk to each other."
Aggregate Demand
The overall appetite for goods and services in an economic context, identified at a certain price norm and during a fixed time span.
Real GDP
Gross Domestic Product adjusted for inflation, which provides a more accurate representation of an economy's size and how it's growing over time by valuing goods and services at constant prices.
Classical Economists
Classical economists are scholars from the 18th and 19th centuries who laid the foundation of economic theory, emphasizing free markets, competition, and the self-regulating nature of economies.
Market Economy
An economic system where the allocation of resources is determined by supply and demand in the market rather than by a central plan.
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