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Autonomous aggregate expenditures are those that automatically vary with real GDP,
Jwhereas induced expenditures only change in response to a change in an external factor.
Predecessors
Individuals or entities that preceded others in a particular position, office, or situation, often setting precedents or foundations for those who follow.
Seven Years' War
A global conflict fought between 1756 and 1763 that involved most of the great powers of the time and affected Europe, North America, Central America, West Africa, India, and the Philippines.
Polish-Lithuanian Commonwealth
A dual-state union between Poland and Lithuania that existed from 1569 to 1795, characterized by a unique system of noble democracy and religious tolerance.
Noble Republic
A term often used to describe the Polish-Lithuanian Commonwealth between the 16th and 18th centuries, characterized by a unique system of elective monarchy and a strong nobility (szlachta).
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