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Suppose the business cycle is expanding. Predict how the economic indicators of real gross domestic product, the unemployment rate, and the inflation rate are moving.
Permits
Official documents granting the right or license to do something, like constructing a building or operating a business.
Pollution
The presence or introduction into the environment of substances or things that have harmful or poisonous effects.
Marginal Cost
The additional cost incurred by producing one more unit of a product or service, an important concept for decision-making in economics.
Externalities
Unintended financial outcomes affecting individuals not directly engaged, potentially leading to good or bad impacts.
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