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Demand-Management Policy
Government policies aimed at influencing the level of demand in the economy in order to achieve economic objectives like controlling inflation or stimulating growth.
Stagflation
An economic condition characterized by slow growth, high unemployment, and rising prices, presenting a challenge for policy makers.
Inflation Rate
The speed at which the average cost of products and services increases, leading to a decrease in the value of money.
Stagflation
An economic condition characterized by slow growth, high unemployment, and high inflation, presenting a challenging environment for monetary policy.
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