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Child-centered programs stress children's development and growth.
Recessionary Gap
A situation in which the real GDP is lower than the potential GDP, leading to unemployment and underutilized resources.
Supply Shock
A supply shock is an unexpected event that suddenly changes the supply of a product or commodity, leading to sudden changes in its price.
Recessionary Gap
A situation where the real Gross Domestic Product (GDP) is lower than the potential GDP, indicating underperformance in the economy.
Aggregate Demand Curve
A graphical representation of the relationship between the total demand for goods and services in an economy at different price levels.
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