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Use the sticky-wage theory to explain why an increase in the expected price level shifts the aggregate-supply curve.
Punitive Punishment
A form of penalty intended as a sanction for wrongdoing, aimed at deterring future misconduct.
Ideology
A system of ideas, beliefs, and values that shapes a social, political, or economic program.
Corrections Industry
The sector of the economy that deals with the administration and running of prisons, jails, and other facilities for incarcerating individuals.
Major State Employer
A major employer within a particular state, typically referring to businesses or organizations that employ a large portion of the state's workforce and have significant economic influence.
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