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Federal Reserve
The central bank of the United States, responsible for implementing monetary policy, supervising financial institutions, and providing services like clearing checks and distributing currency.
Aggregate
refers to the total amount or sum of individual parts in economics or finance.
Desired Money Holding
The preference of individuals or firms for holding cash or liquid assets based on expected financial needs or uncertainties.
Aggregate Demand
The full extent of demand for all goods and services within an economy, measured against a specified price level across a given temporal span.
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