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If the Fed buys bonds from a private bank,________.
Joseph Schumpeter
An economist known for his theories on economic development and creative destruction.
Theory of Innovations
A conceptual framework that explains how new ideas, products, and practices spread within a society or from one society to another, often driving economic growth and social change.
Unemployment Insurance Benefits
Financial payments made by the government to individuals who are unemployed and meet certain eligibility requirements.
Discouraged Worker
An individual who is not actively seeking employment due to a belief that no jobs are available for them or there are no suitable job vacancies.
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