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According to Bernanke's policy guide,a full-point decrease in long-term interest rates results in a
Pollution
The contamination of the environment with harmful or poisonous substances, adversely affecting the health of living organisms and ecosystems.
External Costs
Costs of an economic activity that are not borne by the participants but rather by other people or society at large.
Tax
A compulsory financial charge imposed by a government on individuals or entities to fund various public expenditures.
Marginal Social Benefit
An additional gain to society derived from consuming or producing another unit of a good or service.
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