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A typical human yawn lasts for about six seconds and once initiated,is nearly impossible to stop.Although there are many hypotheses for why we yawn,it is accepted that yawning is contagious - when we see someone else yawn,we often find ourselves yawning as well.This happens across all cultures and even in infants! In this case,the yawn an individual observes is ____________,while their own yawn is ____________.
Inflationary Gap
The situation where the total demand in an economy exceeds the total supply, leading to higher prices and inflation.
Equilibrium GDP
Equilibrium GDP is the level of output where aggregate demand matches aggregate supply, resulting in a stable economy without tendencies to change.
Multiplier
A factor that quantifies how an increase in spending leads to an increase in national income and output, typically greater than the initial amount spent.
Balanced Budget
When federal tax receipts equal federal government spending.
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