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Explain David Hume's theory of automatic adjustment for balance of payments disequilibria.
Money Wages
The nominal wage rate, which is the amount of money paid per hour, day, or work unit, before adjusting for inflation.
Prestigious
Describes having high status, respect, or esteem derived from proven success, quality, or importance in a specific area or field.
Stressful
Pertaining to emotional or physical tension, often resulting from demanding circumstances or events.
Institutional Barrier
Structural obstacles created by societal norms, laws, or organizational practices that hinder access or participation.
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