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All else equal, when the demand for oil increases, the price will increase. Some economists say that this is only a short-run worry because in the long run a more elastic supply curve will benefit consumers. Do you agree? Explain.
N1 Sleep
The initial stage of sleep in the sleep cycle, characterized by light sleep where one can be easily awakened.
N2 Sleep
A stage of sleep characterized by the presence of sleep spindles and K-complexes, representing a deeper sleep phase than N1 and preceding the deeper N3 stage of non-REM sleep.
N3 Sleep
N3 sleep, also known as deep sleep or slow-wave sleep, is the third stage of non-REM sleep, characterized by the deepest level of sleep and the hardest from which to awaken.
REM Sleep
A phase of sleep characterized by rapid eye movements, during which vivid dreams commonly occur. It is considered essential for emotional regulation and memory processing.
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