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An Increase in Real GDP Can Shift

question 118

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An increase in real GDP can shift


Definitions:

Standing Army

A permanent, professional army maintained in times of peace as well as war, distinguishing it from temporary forces raised during emergencies.

Privilege

A special right, advantage, or immunity granted or available only to a particular person or group of people.

Legitimize

To make something legal, acceptable, or recognized according to law or social norms, often in reference to authority, rights, or offspring.

Absolute Power

A form of government where a single entity or individual holds complete control and authority over governance, without any constitutional limitations.

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