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If a nation with a balance-of-payments deficit is willing and able to initiate quick actions to increase export receipts and decrease import payments,the amount of international reserves needed will be relatively large.
Cost-Push Inflation
Inflation caused by an increase in prices of inputs like labor and raw materials, leading to higher costs for products and services.
Demand-Pull Inflation
Inflation that occurs when demand for goods and services exceeds existing supplies, leading to higher prices.
Unemployment Benefits
Payments made by the government to unemployed individuals who meet certain eligibility requirements.
Index of Leading Indicators
A composite metric that attempts to forecast future economic activity by aggregating various economic indicators.
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