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An Alien from Another Galaxy Has Landed on Earth and Is

question 110

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An alien from another galaxy has landed on Earth and is overwhelmed by the sensory input it must process.Eventually,the alien simplifies its thinking by categorizing sets of experiences and objects according to their common features.In other words,the alien learns to form ____.


Definitions:

Long-Term Growth

Refers to the sustained increase in the productive capacity of an economy over a significant period of time, typically years or decades.

Recessionary Period

A time characterized by economic decline across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Inflation

A general increase in prices and fall in the purchasing value of money.

Inventories

Producers’ stocks of finished and in-process goods.

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