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The world's first national park was established in what year?
Recessionary Gap
A condition in macroeconomics when an economy's real GDP is lower than its potential GDP, leading to unemployment and underutilized resources.
Increase Production
A situation where a company or country grows its capability to produce goods or services, often in response to higher demand or improved efficiency.
Marginal Costs
The additional cost incurred from producing one more unit of a good or service.
Aggregate Supply Curve
The aggregate supply curve represents the total output of goods and services that firms in an economy are willing and able to produce at different price levels, holding all else constant.
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