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Solve the problem.
-A rectangular swimming pool is being constructed, 18 feet long and 100 feet wide. The depth of the pool is measured at 3 -foot intervals across the length of the pool. Estimate the volume of water in the pool using the Trapezoidal Rule.
Lag
Lag refers to a delay that occurs between the cause and effect of an economic policy or other measured variable in the analysis of data.
Income Effect
The change in an individual's or economy's income and how that change will affect the quantity demanded of a good or service.
Substitution Effect
The change in quantity demanded resulting from a change in the price of a good, making other goods more or less expensive relative.
Saving
The process of setting aside a portion of current income for future use or investment.
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