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What are automatic stabilizers? How do they help stabilize real GDP?
Richard Hakluyt
Richard Hakluyt was an English writer, geographer, and promoter of the English colonization of North America, known for compiling and publishing detailed accounts of exploratory voyages in the late 16th century.
Spanish Tyranny
Refers to the oppressive rule and exploitative governance by Spanish authorities over their colonies, particularly noted in historical contexts.
Seventeenth-Century Migrants
Individuals or groups who relocated, often across national boundaries, during the 1600s, frequently for reasons such as religious freedom, economic opportunity, or as a result of being transported as convicts or indentured servants.
Lower-Class Men
Individuals from the bottom socio-economic tier of society, often characterized by lower income and limited access to resources.
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