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Find an exponential function of the form f (x) = ba x that has the given y-intercept and passes through the point P: y-intercept = 27; P (3,1) ;
Discretionary Macro Policy
Economic policies based on the judgement of policymakers rather than set rules, involving adjustments in government spending and taxes to influence the economy.
Inflation
The increase in the average price of goods and services over time, detracting from the effective purchasing capacity.
Recession
A recession is a period of economic decline across a broad spectrum of the economy lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
Government
The system or group of people governing an organized community, often a state.
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