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Which of the following is true of sound arguments?
Unexpected Change
A sudden and unforeseen event that can significantly impact individuals, organizations, or the economy.
Long-run Changes
Transformations or trends that occur over a significant period, affecting economic structures, demographic patterns, and technological advancements.
Potential GDP
An estimate of the maximum level of economic activity an economy can sustain over a period without leading to inflation.
High Unemployment
High unemployment refers to a condition where a significant portion of the workforce is without jobs, leading to economic and social challenges.
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