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A nurse notes that a 12-hour-old newborn has not had the first meconium stool. The nurse documents this finding and continues to monitor the newborn because, in term newborns, the first meconium stool occurs within how many hours of birth?
Real Variable
A variable, such as income or output, that has been adjusted for inflation, reflecting true purchasing power.
Recession
A period of temporary economic decline during which trade and industrial activities are reduced, generally identified by a fall in GDP in two successive quarters.
Net Exports
The value of a country's total exports minus the value of its total imports, representing a component of a nation's GDP.
Short Run
A period in which at least one input is fixed, limiting the ability of a firm to adjust all of its inputs to change output.
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