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Describe the living conditions for Jews in medieval Spain. What was the cause of their expulsion from Spain, and in what significant location did many settle afterward?
Inflationary Expectations
The anticipations of consumers, businesses, and investors regarding the rate of inflation in the future.
Unexpected Change
A sudden and unforeseen event that can significantly impact individuals, organizations, or the economy.
Long-run Changes
Transformations or trends that occur over a significant period, affecting economic structures, demographic patterns, and technological advancements.
Potential GDP
An estimate of the maximum level of economic activity an economy can sustain over a period without leading to inflation.
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