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If the cyclically adjusted budget deficit goes from 2 percent to 1 percent of GDP, then it indicates that fiscal policy has turned more contractionary.
Raw Materials
The basic materials from which products are created, typically unprocessed or minimally processed substances used in manufacturing.
Manufacturing
The process of converting raw materials into finished goods on a large scale using labor, machines, tools, and chemical or biological processing.
Packaging
The technology and art of enclosing or protecting products for distribution, storage, sale, and use.
Long-term Impact
The enduring effects or outcomes of a policy, strategy, or action, extending well into the future.
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