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The main objective of deregulation in transportation was?
Structural Unemployment
Unemployment arising from fundamental changes in the economy that displace workers, such as technological advancements or shifts in demand.
Stagflation
A situation where an economy experiences stagnant growth, high unemployment, and high inflation simultaneously, presenting a challenge to economic policy.
Actual Price Level
The current level of prices in the economy for goods and services, reflecting inflation or deflation in the market.
Real Wages
The purchasing power of wages, taking into account the effects of inflation or deflation, representing the quantity of goods and services wages can buy.
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