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Explain how the wealth effect can affect aggregate demand.
Oil Exploration
The process of searching for underground or underwater oil reservoirs to extract petroleum for commercial use.
Initial Costs
The expenses incurred to start a project, purchase an asset, or initiate any new business activity.
Annual Cash Inflows
The total amount of money received by a company within one year from its various operational and financial activities.
Oil Production
The extraction of crude oil from the earth, which is later refined and used in the production of various energy products and other materials.
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