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Monetarism resembles Keynesian thinking in that they both
Research and Development
The investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.
GDP Statistics
Quantitative data that measure the output of a country's economy, indicating economic health and progress by tracking changes in gross domestic product over time.
Standard of Living
A level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class in a certain geographic area.
Technological Improvements
Advances in technology that enhance productivity, efficiency, or quality in goods and services.
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