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Explain the time-inconsistency problem. What is the likely outcome of discretionary policy? What are the solutions to the time-inconsistency problem?
Glaciers
Large, slow-moving masses of ice formed from compacted layers of snow, which move under their weight and shape the land beneath.
Cirque
A bowl-shaped, steep-walled mountain basin carved by glaciation, often containing a small lake.
Continental Ice Sheet
A large mass of ice covering extensive parts of continents and flowing outward from central, thicker areas, altering landscapes through erosion and deposition.
U-Shaped Valley
A glacially carved valley characterized by steep sides and a flat bottom, resembling the shape of a "U."
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