Examlex
________ studied children's musical practices in Toronto and showed how their play allowed them to resist adult definitions of childhood.
Contractionary Fiscal Policy
A decrease in government purchases, increase in net taxes, or some combination of the two aimed at reducing aggregate demand enough to return the economy to potential output without worsening inflation; fiscal policy used to close an expansionary gap.
Contractionary Monetary Policy
A monetary policy strategy used by central banks to reduce inflation and cool an overheating economy by raising interest rates and decreasing the money supply.
Nominal GDP
The total value of all goods and services produced in a country, measured in current prices without adjusting for inflation.
Aggregate Demand
represents the total demand for all final goods and services in an economy at a given time and price level.
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