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In Order to Significantly Increase Their Life Expectancy,countries in Sub-Saharan

question 18

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In order to significantly increase their life expectancy,countries in Sub-Saharan Africa and South Asia (including India and Pakistan) will have to concentrate most on


Definitions:

Inflation

The progression speed of the general price index for goods and services, diminishing the effective value of money.

Cost-Push Inflation

Rising costs of doing business push up prices.

Open-Market Operations

Activities undertaken by central banks to buy or sell government securities in the open market to influence the money supply and interest rates.

Aggregate Demand

The all-embracing pursuit of goods and services in an economy, calculated at a fixed overall price level and within a chosen time frame.

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