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When Einstein proposed his General Theory of Relativity, he suggested some pretty strange ideas about space, time, and gravity. How did scientists in 1919 show that Einstein's theory described the behavior of the real world and wasn't just a crazy hypothesis?
Nonlabor Income
Income received from sources other than employment or the active exertion of effort, such as dividends, interest, or rental income.
Leisure
Time free from work or duties, which can be used for rest, recreation, or other personal activities.
Parallel Fashion
A manner in which activities or processes occur simultaneously or in a coordinated manner, often leading to increased efficiency or synchronization.
Slutsky Equation
A formula that decomposes the effect of a price change into a substitution effect and an income effect on the consumption of goods.
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