Examlex
Name and describe clearly the steps in organizational transformational.
Potential Output
The highest level of real GDP that can be sustained over the long term without increasing inflation, reflecting the maximum productive capacity of an economy.
Labor Force
The total number of people who are employed and unemployed but seeking work within an economy.
Price Level
The overall cost of goods and services expressed as an index, which helps to compare different periods' economic conditions.
Long-Run Aggregate Supply
The total amount of goods and services produced in an economy at full employment, unaffected by price levels in the long term.
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