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Key Terms by Chapter
Chapter 3: Institutions, Systems, and Economic Outcomes
economic system (ES)
outcomes (O)
environmental factors (ENV)
policies (POL)
policy
attribute
open economy
closed economy
national priorities
economic growth
efficiency
static efficiency
dynamic efficiency
intensive growth
extensive growth
income distribution
Lorenz curve
Gini coefficient
stability
inflation
unemployment
underemployment
cross section
scatter diagram
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