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We observe a decrease in the price level and a decrease in real GDP. Which of the following is a possible explanation?
Hire
The action of providing employment to someone; the act of engaging an individual for a job.
Marginal Cost
The additional cost resulting from the production of one more unit of a product or service.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they are available for everyone to consume, regardless of who pays for them.
Production
The process of creating goods and services from various inputs like labor, land, and capital.
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