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How did American racial attitudes shape South African politics?
Aggregate Inflation
Aggregate inflation refers to the overall general increase in prices across the economy, reducing the purchasing power of money.
Unemployment
The failure to use all available economic resources to produce desired goods and services; the failure of the economy to fully employ its labor force.
Command Economies
Economic systems where the government controls the production, distribution, and consumption of goods and services.
Positive Statement
An objective statement based on fact that can be tested and validated, often used in the description of economic behaviors.
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