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Why did Italy enter the war on the Allied side?
Liberal Economists
Liberal economists advocate for minimal government intervention in the economy, emphasizing free markets, free trade, and the importance of individual choice and freedoms in economic matters.
Conservative Economists
Economists who generally advocate for reduced government spending, lower taxes, and minimal government intervention in the economy.
Automatic Stabilizers
Economic policies and programs designed to offset fluctuations in a nation's economic activity without additional government action, such as progressive tax systems and welfare.
Inflation
An overall uptick in price levels and a decline in the value of money.
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