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Monetary Policy
Monetary policy refers to the process by which the central bank of a country manages the money supply and interest rates to influence economic activity and maintain economic stability.
Discretionary
Pertaining to funds or spending that is subject to decision or choice by a party or authority.
Balanced Budget Amendment
A proposed federal constitutional rule requiring that the government not spend more than its income in a fiscal year.
Crowding-out Effect
A situation where increased government spending leads to reduced investment in the private sector.
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