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Explain the three dimensions of arena expansion including vertical, horizontal, and geographic.
Economy
A system of production, distribution, and consumption of goods and services within a certain geographical area.
Aggregate Demand
The broad market demand for goods and services within an economy, fixed at a particular price level during a set time frame.
Homeowners
Individuals or entities that possess ownership rights to residential properties, often responsible for maintaining and making decisions regarding the property.
Monetary Neutrality
The concept that in the long run, changes in the money supply have no real effects on economic variables like output or employment, and only affect nominal variables such as prices.
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