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If Input Prices Adjusted Just as Quickly as Output Prices,the

question 77

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If input prices adjusted just as quickly as output prices,the profit effect leading to an increase in real GDP supplied would disappear.


Definitions:

Psychoanalytic

Pertaining to a theory and therapeutic approach developed by Sigmund Freud that emphasizes unconscious motives and conflicts as determinants of human behavior.

Trait

A relatively stable and long-lasting attribute of personality.

Psychological Triad

The combination of thoughts, feelings, and behaviors that constitute an individual's psychological functioning.

Rigorous Methods

Strict and precise techniques or procedures applied in research or study to ensure validity and reliability.

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