The output is 5. This code demonstrates an advanced currying technique using placeholders, which allows you to specify which arguments you want to "skip" and provide later. The special `_` symbol acts as a placeholder. In `curriedSubtract(10, _, 2)`, we're providing the first and third arguments (10 and 2) but using a placeholder for the second. This returns a function waiting for the second argument. When we call that function with `(3)`, it fills in the placeholder, resulting in `subtract(10, 3, 2)`, which equals 10 - 3 - 2 = 5. Placeholder currying offers more flexibility than traditional currying, as it allows arguments to be provided in any order, not strictly left-to-right. Libraries like Lodash implement similar placeholder functionality.