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Describe the immediate short-run effect to the economy from an increase in government purchases, as well as the self-correcting mechanism that will restore long-run equilibrium.
Individualism
A moral, political, or social outlook that emphasizes the moral worth of the individual and the priority of personal independence and rights.
Ethical Standards
The criteria that guide the behavior of individuals and organizations, reflecting what is morally right and wrong.
Fairness, Equity
The quality of being impartial and just, and ensuring individuals receive what they deserve based on their needs, conditions, and contributions.
Compromise
A settlement of differences by mutual concessions or modification of demands.
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