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In order for a process to be spontaneous,
Marginal Tax Rates
The rate at which an additional dollar of income is taxed, indicating the tax impact on your next dollar earned.
Rational Expectations
An economic theory suggesting individuals make predictions about the future based on available information and past experiences in a rational manner.
Stabilization Policy
Government policies aimed at maintaining economic stability through influencing economic growth, reducing unemployment, and controlling inflation.
Economic Policies
Strategies and actions implemented by governments or economic institutions to regulate and control the economy, including policies on taxation, spending, and monetary supply.
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