Statistics for Commerce Vomitables

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Hint	Answer	% Correct
Business Cycle	Fluctuations in the level of economic activity over time	0%
Economic Growth	Percentage change in GDP between two periods	0%
Price Mechanism	The process by which the faces of supply and demand intersect to determine equal price quantity	0%
Demand	The quantity of a good or service a purchaser is ready, willing and able to purchase at given prices at a given time	0%
Supply	The quantity of a good or service a that producers are ready, willing and able to supply at given prices at a given time	0%
GDP	Value of final goods and services produced in an economy during a period	0%
Equilibrium	When S+T+M is equal to I+G+X	0%
Disequilibrium	When S+T+M is not equal to I+G+X	0%