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University of Phoenix Material Macroeconomic Terms Define the following terms in your words. Term Definition Definition Source Gross Domestic Product (GDP) Real GDP Nominal GDP Unemployment rate Inflation rate Fiscal Policy Monetary Policy Aggregate Demand (AD) Curve Macroeconomics Microeconomics Circular Flow Model Supply Curve Demand Curve

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Previous ArticleCapacity Constraints and Absorption Costing Pin It Capacity constraints exist in all forms of business. Owners must consider these constraints when setting off in an effort to make sure they understand the break even and profit points their business holds. Consider the different types of capacity constraints that might be involved with the business you chose which is a bakery. In a 1-2 page paper, list a minimum of three types of capacity constraints that would potentially play a part in the business type. How would you use absorption costing to reduce the overall risks associated with these constraints? Essay Format is APA. Sources needed to be cited (also in APA format)Next ArticleWrite a 175- to 350-word short paper that explains how Human Resource functions relate to organizational development. Cite at least one source. Format consistent with APA guidelines.