Examlex
In an economy where planned aggregate spending is given by PAE = 5,500 + 0.6Y − 20,000r, the interest rate is currently 2 percent (0.02) . If potential output equals 8,000, the central bank must ________ the interest rate to close the ________ gap.
New Netherland
A colonial province on North America's East Coast in the 17th century, belonging to the Dutch Republic.
Dutch Empire
The territories and trading posts around the world that were controlled by the Netherlands from the 17th to the 20th century, including colonies in the Americas, Africa, and Asia.
Populated Colony
A territory occupied and controlled by a foreign power that is significantly inhabited, often by settlers from the colonizing country or by indigenous peoples.
Important
Significance or value attributed to a person, object, or idea based on its impact, role, or contribution to a larger context or purpose.
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