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The displacement of a string carrying a traveling sinusoidal wave is given by At time t = 0 the point at x = 0 has velocity v0 and displacement y0.The phase constant
is given by tan 11ef007b_a973_2e1e_bc85_7b3bfc1d1daa_TB6585_11 =:
Long Run
A period in which all inputs can be adjusted by firms, and all market adjustments have been made.
Nominal Wages
The amount of money received by an employee before any deductions and not adjusted for inflation; the face value of wages.
Potential Output
The highest level of real GDP that can be sustained over the long term without increasing inflation, reflecting the economy's maximum productive capacity.
Actual Output
The real quantity of goods and services produced by an economy, as opposed to its potential or desired output.
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