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Figure 24-3
-Refer to Figure 24-3. Which of the points in the above graph are possible short-run equilibria?
Precarious
A state of insecurity or instability, particularly referring to employment or living situations that are uncertain, unpredictable, and risky.
Military
Armed forces of a country, tasked with defense and protection duties, also involved in peacekeeping and humanitarian missions globally.
Formal
Pertaining to or following established customs, rules, ceremonies, or styles, often in official contexts.
Destabilized
The process or state of becoming unstable or out of balance, often leading to chaos or disorder in systems or structures.
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