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Macroeconomic Policy
Strategies and actions taken by a government or central bank to regulate and control the economy as a whole, including fiscal and monetary policies.
Full Employment
When a society’s resources are all being used with maximum efficiency.
Monetarists
Monetarists believe in controlling the supply of money as a method for regulating the economy and combating inflation.
National Income
A measure of the total value of all goods and services produced by a country over a specific period, typically adjusted for net income from foreign investments.
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