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Macroeconomist
An economist who specializes in macroeconomics, the branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.
Normative Statement
Statements that express an opinion or a value judgment, often involving what ought to be rather than what is.
Normative Statement
A statement that expresses a value judgment about whether a situation is desirable or undesirable; it looks at the world as it "should" be.
Federal Reserve
The central banking system of the United States, responsible for monetary policy, regulating banks, and ensuring financial system stability.
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