Examlex
The explanations for the slopes of the aggregate-demand and aggregate-supply curves are the same as the explanations for the slope of demand and supply curves for specific goods and services.
Inflations
The speed at which the overall price level of goods and services increases, leading to a decrease in buying power.
Taxes
Compulsory financial charges imposed by a government on individuals or entities to fund public expenditures.
Automatic Stabilizer
Economic strategies and initiatives aimed at balancing shifts in a country's economic performance without interference from governmental or policy-making bodies.
Supply-Side
Economic theory that emphasizes the importance of increasing supply (production of goods and services) as the key to economic growth, lower unemployment, and lower inflation.
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