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Which part of real GDP fluctuate most over the course of the business cycle?
Libertarianism
A political philosophy that emphasizes freedom, autonomy, and voluntary association.
Diminishing Marginal Utility
An economic theory suggesting that the utility or satisfaction derived from consuming more of a good decreases with each subsequent unit.
Maximin Criterion
A decision rule used in uncertainty situations that focuses on maximizing the potential minimum gain, thus minimizing the potential for loss.
Libertarian
A libertarian is an advocate for minimizing government intervention in personal and economic matters, favoring individual freedom and autonomy.
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