Examlex
The epiphysis is the end of a long bone and area of growth in children.
Potential GDP
The maximum possible level of output an economy can achieve when it is most efficiently utilizing its resources.
Unemployment
A situation where individuals who are able and willing to work cannot find jobs, measured as a percentage of the labor force.
Expansionary Fiscal Policy
Government policy aimed at stimulating economic growth by increasing government spending, reducing taxes, or both.
Contractionary Monetary Policy
A monetary policy strategy used by central banks to reduce inflation and cool an overheating economy by increasing interest rates and reducing the supply of money.
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