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Economic Activity
Actions that involve the production, distribution, and consumption of goods and services within an economy.
Progressive Tax
A tax system in which the tax rate increases as the taxable amount increases, often targeting higher incomes with higher tax rates.
Monetary Policy
The process by which a central bank or monetary authority manages the supply of money and interest rates to achieve macroeconomic objectives like controlling inflation, consumption, growth, and liquidity.
Federal Reserve Board
The governing body of the Federal Reserve System, the central bank of the United States, responsible for overseeing the country's monetary policy.
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