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Interest Rates
The percentage charged on borrowed money or paid on savings accounts, essentially the cost of borrowing or the reward for saving.
Say's Law
A principle that supply creates its own demand in the market.
Recession
A brief era of economic contraction marked by diminished trading and industrial output, commonly indicated by a reduction in GDP across two successive quarters.
Monetarists
Economists who emphasize the role of governments in controlling the amount of money in circulation.
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