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Discuss New Classical Economics and Real Business Cycle Theory

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Discuss new classical economics and real business cycle theory.


Definitions:

Gasket-Type Seals

Devices designed to prevent the leakage of fluids between two surfaces by filling the space between them, typically made of flexible materials.

Trapezoidal

A shape or form characterized by a four-sided polygon with at least one pair of parallel sides.

Cross Section

A view or drawing that shows what the inside of something looks like after a cut has been made perpendicular to its axis.

Radial-Contact Bearings

Bearings that support loads perpendicular to the axis of the shaft.

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