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Pessimism
Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time.
-Refer to Optimism.What happens to the expected price level and what's the result for wage bargaining?
Stator
The stationary windings of wire in an AC generator. Stator windings occur in two different configurations, the wye winding and the delta winding.
Windings
Coils of wire, typically copper, wound around a core or form, used in electrical machines and devices to generate magnetic fields or induce voltages.
Drive Gear
A gear that transmits power from the engine to the drivetrain in a vehicle, facilitating movement.
Armature
The rotating coil or core of a generator or motor on which the winding is placed and electrical current is induced.
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