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PQ Falls
This term is not sufficiently defined to provide a clear and specific definition without additional context; it could potentially relate to a concept within economics, involving a decrease in quantity (Q) and price (P).
PQ Rises
Indicates an increase in the product of price (P) and quantity (Q), suggesting growth in total revenue or output.
Rational Expectations Theorists
Economists who believe that individuals make predictions about the future based on all available information, thus affecting their economic decisions.
Downwardly Flexible
Refers to the ability of wages or prices to decrease in response to market conditions.
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