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What is the process of unconscious inference?
Prosperity
A state of economic well-being characterized by high levels of income, employment, and production.
Depression
A severe and prolonged reduction in economic activity as occurred during the 1930s
Scarce Resources
Natural, human, and capital resources that are limited in supply, which necessitates choices about how they are allocated.
Unlimited Wants
The economic principle that humans have infinite desires or wishes for goods and services, despite having limited resources.
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