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Monetary Rule
A guideline for the monetary policy stating that the central bank should aim at regulating the money supply to maintain stable prices, output, and employment.
Rational Expectations
An economic theory proposing that individuals make decisions based on their best forecast using all available information, predicting future events with some degree of accuracy.
Federal Reserve
The central bank of the United States, responsible for monetary policy.
Life Expectancy
The average period that an organism is expected to live, based on statistical analysis.
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