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If it is less costly for business firms to adjust the labor demanded as the price level changes than it is for households to adjust Ns,then in the short-run
External Goal
An objective or target set by external factors or individuals, as opposed to personal ambitions or desires.
Individual Identifies
The process by which a person recognizes or establishes their own characteristics, values, or beliefs as distinct from others.
Illusion Transparency
The tendency to overestimate the extent to which our personal mental state is known by others.
Honest
Characterized by truthfulness, integrity, and straightforwardness in actions and statements.
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