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AP US History
Economic prosperity is a period of wealth and good fortune in terms of financial growth or success within a society or country.
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Gross Domestic Product (GDP): This is the total value of all goods produced and services provided in one year by a country.
Inflation: This is when prices for goods increase over time while purchasing power decreases.
Supply & Demand: These are economic models that determine price levels in a market based on availability (supply) versus desire/need (demand).