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The economy experiences a decrease in the price level and an increase in real domestic output.Which is a likely explanation?
Opportunity Cost
The consequence of forfeiting potential gains in other options by deciding on one.
Professional Team
A group of individuals with specialized skills and expertise working together in a coordinated manner towards common professional goals.
Opportunity Cost
The cost of missing out on potential benefits from other alternatives when making a choice.
Forgone Current Income
The income an individual or entity could have earned but chose to forego for pursuing an alternative.
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