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Public safety needs always receive priority over infrastructure needs in municipalities with tight budgets.
Short-Run Aggregate Supply
Short-Run Aggregate Supply represents the total production of goods and services in an economy at a specific time, considering variable production costs and fixed capital.
Unemployment Rate
The percentage of people in the labor force who are unemployed and are actively trying to find a job.
Expected Price Level
The anticipated average price of goods and services in an economy at a future point in time, affecting consumer and business planning.
Structural Unemployment
Unemployment arising from fundamental changes in the economy that displace workers, such as technological advancements or shifts in demand.
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