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Which of the following was an unforeseen consequence of deinstitutionalization?
Business Cycle Theories
Various economic theories that attempt to explain the causes and dynamics of the business cycle, including expansions and contractions in economic activity.
Endogenous
Originating from within an economic model or system; refers to factors that are explained by the internal workings of the model.
Exogenous
Factors or variables that are external to the economic model and not determined within the model itself.
Frictional Unemployment
Frictional unemployment is short-term and voluntary unemployment that occurs when people are between jobs or entering the workforce for the first time, often due to personal choices or circumstances.
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