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The Ming Empire Attempted to Reestablish Chinese Predominance and Prestige

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The Ming Empire attempted to reestablish Chinese predominance and prestige in the Indian Ocean by


Definitions:

Money Growth

The increase in the amount of money in an economy over time.

Unemployment Compensation

Financial payments provided to individuals who have lost their jobs until they find new employment.

Consumption Expenditures

The total amount spent by consumers on goods and services for personal use, often considered a major component of gross domestic product (GDP).

Short Run

A period in economics where the quantities of some inputs or resources cannot be changed.

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