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Monetary Policy
The process by which the monetary authority of a country, like the central bank, controls the supply of money, often targeting an inflation rate or interest rate to ensure economic stability and growth.
Business Cycle
The natural fluctuation of the economy between periods of expansion (growth) and contraction (recession), often influenced by government policy.
Macroeconomic Policy
involves government actions aimed at influencing the overall economic performance of a country, including policies on inflation, unemployment, and economic growth.
Personal Responsibility
The idea that individuals are responsible for their own actions and decisions, and must accept the consequences that come with them.
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