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The addition of oxygen instead of carbon dioxide to RuBP results in
Actual Output
Actual output refers to the real GDP or the total value of all goods and services produced in an economy at a given time, contrasting with potential output.
Expected Price Level
The anticipation or forecast of future prices across an economy, affecting consumer and business decisions.
Long-Term Contracts
Agreements that extend over a significant period of time, often involving commitments to buy or sell goods or services or to provide employment.
Recessionary Gaps
Situations where an economy's actual output is less than its potential output, often characterized by unemployment and underutilized resources.
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