Commerce Vomitables

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Last updated: October 26, 2022

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First submitted	October 26, 2022
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Hint	Answer
GDP	Value of final goods and services produced in an economy during a period
Economic Growth	Percentage change in GDP between two periods
Business Cycle	Fluctuations in the level of economic activity over time
Demand	The quantity of a good or service a purchaser is ready, willing and able to purchase at given prices at a given time
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
Price Mechanism	The process by which the faces of supply and demand intersect to determine equal price quantity
Equilibrium	When S+T+M is equal to I+G+X
Disequilibrium	When S+T+M is not equal to I+G+X

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