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LONG RUN: In terms of the macroeconomic analysis of the aggregate market, a period of time in which all prices, especially wages, are flexible, and have achieved their equilibrium levels. In terms of the microeconomic analysis of production and supply, a period of time in which all inputs in the production process are variable.

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PEAK

The transition of a business-cycle expansion to a business-cycle contraction. The end of an expansion carries this descriptive term of peak, or the highest level of economic reached in recent times. A peak is one of two turning points. The other, the transition from contraction to expansion, is a trough. Turning points are important because they represent the transition from bad to good or good to bad.

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APLS

RED AGGRESSERINE
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Today, you are likely to spend a great deal of time driving to a factory outlet hoping to buy either a rim for your spare tire or decorative celebrity figurines. Be on the lookout for infected paper cuts.
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The average length of a "business lunch" is about 36 minutes.
"The difference between the impossible and the possible lies in a person's determination. "

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DVP
Discounted Present Value
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