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The size of open ocean waves generated by the wind depend on the wind __________, the __________ of the wind, and the duration of the wind blowing.
Expansionary Gap
A situation where the actual output of an economy exceeds the potential output, typically indicating inflationary pressures.
Actual Output
Actual output refers to the real level of production achieved by an economy at a given time, which may differ from its potential or expected output.
Resource Suppliers
Entities or individuals that provide the essential inputs or resources needed for production, including labor, capital, materials, and technology.
Expected Price Level
The anticipated average price of goods and services in the economy at a future point in time.
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