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Where is the sclera?
Oil Production
The process of extracting crude oil from the earth and preparing it for sale, including exploration, drilling, and refining.
Favorable Supply Shock
An unexpected event that increases the supply of goods or services, typically leading to lower prices for those goods or services.
Short-run Phillips Curve
A concept in economics that illustrates an inverse relationship between inflation and unemployment within a certain period, implying that lower unemployment in the short run can come with higher levels of inflation.
Central Bank
An institution that manages a country's currency, money supply, and interest rates, overseeing the commercial banking system.
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