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Which of the following is considered both an input device and an output device?
Unfunded Liabilities
Financial obligations that do not have enough funds set aside to cover them, often relating to pensions or other long-term commitments.
Monetary Policy
The management of the money supply and interest rates by the central bank to influence economic growth and stability.
Public Choice Economists
Economists who apply economic principles and methodologies to study and analyze political behavior and public policies.
Optimal Allocation
The most efficient distribution of resources among different possible uses that maximizes desired outcomes, such as profit or social welfare, without wasting any resources.
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