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Phillips Curve
A concept suggesting an inverse relationship between rates of unemployment and corresponding rates of inflation, implying that higher inflation is associated with lower unemployment and vice versa.
Sacrifice Ratio
The cost of reducing inflation by one percentage point through monetary policy, often measured in terms of lost output or unemployment.
Money Supply Growth
An increase in the total amount of money in circulation or in the hands of the public within an economy over a specific period.
Fiscal Reforms
Changes in government policies or taxation designed to improve a country's economic condition.
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