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Define microeconomics.
Standard Deviation
Standard deviation quantifies the amount of variation or dispersion of a set of values, indicating how much the values differ from the mean.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, used in statistics to quantify the spread of a data set.
Budget Line
A graphical representation of all possible combinations of two goods that an individual can purchase, given their income and the prices of the goods.
Expected Rate
A forecasted value, often referring to interest or growth rates, based on current and historical data.
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