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Excessive Development

question 84

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Excessive development:


Definitions:

Expansion

A period during which the economy grows as reflected by rising output, employment, income, and other aggregate measures

Long-term Growth

The sustained increase in the economic output of a country or region over a significant period.

Rules Of Game

The set of guidelines and principles that determine how a particular game or activity is conducted.

Business Cycle

The fluctuation in economic activity that an economy experiences over a period of time, marked by phases of expansion and contraction.

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