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Special-interest programs are highly attractive to vote-seeking politicians because
Deflation
A decrease in the general price level of goods and services, often indicating a contraction in the overall economy.
Real Output
The quantity of goods and services produced in an economy, adjusted for inflation, representing true productivity.
Long-Term Contracts
Agreements between parties that last over an extended period, often used to secure pricing, terms, and conditions.
Federal Deposit Insurance Corporation
A U.S. government agency that protects depositors in the event of a bank failure by insuring deposits up to a certain limit.
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