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Graph the quadratic function.
Natural Rate
The level of any economic factor, such as unemployment or interest rates, that is unaffected by short-term fluctuations and is determined by long-term factors.
Aggregate-Supply Curve
A curve that shows the quantity of goods and services that firms choose to produce and sell at each price level
Trade-Off
An exchange where getting something of value requires giving up something else of value, typically used in the context of making decisions with limited resources.
Short Run
A period during which at least one of a firm's inputs is fixed and cannot be changed.
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