Examlex
How are innovation and creativity connected?
Potential Output
The maximum output an economy can produce without causing inflation when all resources are fully employed.
Aggregate Demand Curve
A curve that illustrates the total demand for all goods and services in an economy at various price levels, assuming all other factors remain constant.
Short-Run Aggregate Supply Curve
A curve depicting the relationship between the total supply of goods and services produced by a country and the price level for that output in the short term, taking some input prices as fixed.
Treasury Securities
Debt instruments issued by a government to finance its spending, offering a safe investment option with a guaranteed rate of return.
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