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Refer to Figure 10.3.Inflation increases most rapidly as the economy moves from
Gasoline Rises
An increase in the price of gasoline, typically due to factors like supply constraints, higher demand, or changes in taxes or regulations.
Public Transportation
A network of transportation methods like trains and buses that run according to a set schedule on predetermined paths and are open for public use.
Fuel-efficient Cars
Automobiles designed to utilize fuel in an efficient manner, often resulting in reduced fuel expenses and lower emissions compared to standard vehicles.
Marginal Decision
A decision made at the “margin” of an activity to do a bit more or a bit less of that activity.
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