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Discuss the three-legged-stool approach of Massachusetts' experiment with incremental universalism.What were the consequences of the three-legged-stool implementation? How does this experience compare to the ACA?
Consolidation
The process of combining multiple accounts or businesses into a single aggregation for reporting and analysis purposes, or the decrease in a stock's price volatility and the formation of a clear resistance or support level after a significant price movement.
Cyclical Industries
Industries whose performance is heavily influenced by the economic cycle, experiencing higher sales during economic booms and lower sales during recessions.
Sell Government Bonds
The act of disposing of government debt securities in the financial market.
Monetary Authorities
The institutions responsible for regulating a country's money supply and exchange rates, typically a central bank or currency board.
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