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Anna Jacobson Schwartz
An American economist known for her collaborative work with Milton Friedman on the history of monetary policy and banking.
Money Stock
Represents the total quantity of money available in an economy at a specific time, including cash, coins, and balances held in checking and savings accounts.
Economic Activity
The actions that involve the production, distribution, and consumption of goods and services within an economy.
Recession
A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
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