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The long-run trend in real GDP is upward. How is this possible given business cycles? What explains the upward trend?
Europe
A continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere, known for its rich history, cultural heritage, and as a significant economic and political entity on the global stage.
International Trade Union Confederation
A global organization representing the interests of national trade union centers worldwide.
International Union Organization
An organization that represents the interests of workers across multiple countries, aiming to promote labor rights on an international scale.
Multidomestic Corporation
A company that operates in multiple countries, tailoring strategies and products to each specific market.
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