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Explain how the short-run and long-run Phillips curves are related.
Standardization
The process of implementing and developing technical standards to ensure consistency and compatibility in products, services, or practices.
Degradation
The process of something being destroyed or broken down, whether physically, morally, or environmentally.
Nomadic Tribes
Groups of people who move from place to place rather than settling permanently in one location, often following traditional routes.
Years Ago
A phrase used to denote a specific amount of time in the past counting backward from the current date.
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