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A president may not seek more than two four-year terms in office due to the ratification of which amendment?
Income Effect
Income Effect describes how a change in an individual's income affects their purchasing behavior, impacting the quantity of goods and services they can afford.
Price Change
A variation in the cost of a good or service over time in a market.
Nominal Income
Income figures that have not been adjusted for inflation, representing the amount of money earned in current dollars.
Quantity Demanded
The combined measure of a good or service that purchasers are eager and able to acquire at a predetermined price.
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