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Opposition to ratification of the Constitution was based on the belief that it would
Upward-Sloping
Describes a line or curve on a graph that moves higher on the y-axis as it moves to the right on the x-axis, typically used to describe a supply curve in economics.
Short-Run Average Total Cost Curve
A graphical representation that shows how the average total cost of production changes as the quantity produced changes in the short run.
Spreading Effect
The process by which increased investment leads to greater levels of income and consumption.
Diminishing Returns
A rule indicating that after reaching a specific threshold, further investments in a given sector will not yield higher profits at the same rate if all other factors stay unchanged.
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