Examlex
What was an overall result of the Crimean War?
Potential Output
The maximum level of economic productivity that can be maintained in the long run without causing inflation to rise.
Governmental Intervention
Actions taken by a government to affect the economy, which can include regulations, subsidies, and taxes.
Discretionary Policy
Economic policies based on judgment decisions by policymakers, as opposed to rules-based policies, to manage the economy.
Policy Tools
Policy tools are mechanisms used by government or monetary authorities to influence the economy, such as interest rates, taxation, and government spending.