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Classical Macroeconomic Theory
An economic theory that emphasizes the self-regulating nature of markets and the natural adjustments of markets to achieve full employment equilibrium.
Flexible Interest Rate
refers to an interest rate that can change over the term of a loan or deposit based on market conditions.
Credit Supplied
The total amount of credit available to borrowers from lenders within the market.
Aggregate Demand Curve
A graphical representation that shows the total amount of goods and services demanded at different price levels in an economy.
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