Examlex
Assuming a long-run aggregate supply curve, a decrease in taxes results in ________ in output and ________ in price level.
Neoliberalism
An economic and political ideology that emphasizes free-market capitalism, deregulation, and a reduction in government spending.
Cultural Imperialism
The dominance of one culture over another, often through media and global trade, leading to cultural homogenization and loss of indigenous cultures.
Socialism
A political and economic theory of social organization that advocates for the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
Market Regulations
Rules set by a governing authority to control and monitor the fairness and standardization of trade and business practices.
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