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Caitlin's science professor gives an A for an average of or better, and a B for an average of or better in her course. Caitlin has obtained scores of , and on her midterm examinations. If the final exam counts for as much as the three midterms together, what score must she get on her final exam to receive a B? To receive an A? (Assume that the maximum possible score on each test is .)
Dot.com Bubble
A period of excessive speculation and investment in Internet-based companies during the late 1990s, leading to a market crash in 2000-2001.
Budget Deficits
Occurs when government expenditures exceed revenues, leading to a shortfall that must be financed through borrowing.
Full Employment
A situation where all available labor resources are being used in the most efficient way possible, typically characterized by very low unemployment rates.
Impact Lag
The delay between the implementation of a policy (such as monetary or fiscal policy) and the observable effects of this policy on the economy.
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