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Water pressurized to 4 * 105 Pa is flowing at 5.0 m/s in a pipe which contracts to 1/3 of its former area. What are the pressure and speed of the water after the contraction? (density of water = 1 * 103 kg/m3)
Classical Theory
in economics, refers to a school of thought that emphasizes free markets, the role of competition, and the minimal intervention of government in the economy, foundational to later economic theories.
Wages And Prices
The relationship and dynamics between the compensation paid to labor and the cost of goods and services in an economy.
Full Employment
A situation in an economy where all available labor resources are being used in the most efficient way possible, typically reflected by the absence of cyclical unemployment.
Keynes
Relates to John Maynard Keynes, a UK-based economist whose notions significantly altered macroeconomics theory and the financial policies of governments.
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