Examlex
An advantage of federalism is that it allows states to __________.
State of Technology
Refers to the current level of technological development and innovation in a society or industry.
Actual Output
The real production level of goods and services in an economy within a specific period, measured by GDP.
Potential Output
The maximum amount of goods and services an economy can produce when it is fully employed, without causing inflation.
Structural Unemployment
The occurrence of unemployment because of modifications in the industrial sector, typically induced by technological evolution, as opposed to alterations in the supply or demand of the market.
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