Examlex
Thermal pollution occurs when industry returns heated water to its source.
Effectiveness Lag
The delay between the implementation of a policy and the time it takes for the policy's effects to manifest in the economy.
Monetary Policy
Economic strategy chosen by a government's central bank to control the money supply, aiming at achieving macroeconomic goals such as controlling inflation, consumption, growth, and liquidity.
Adaptive Expectations
An economic theory suggesting that people adjust their future expectations based on past experiences and trends.
Government Policy
The actions taken by a government to achieve its objectives in various sectors like economy, social welfare, and public services.
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