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Explain the two stages of hurricane alerts.List some precautionary measures to take before evacuating because of a hurricane.
Potential Growth
The estimated rate at which an economy could grow considering the full utilization of its resources without causing inflationary pressures.
Rational Expectations Theory
The hypothesis that individuals make predictions about future economic activities based on past and current information and act rationally on those expectations.
Anticipation
The act of expecting or foreseeing something, often involving preparatory action or adjustments based on predictions about future events or trends.
Inflation
The speed at which the overall price level of goods and services increases, diminishing buying power.
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