Examlex
Explain what effect an increase in the future expected interest rate will have on the IS curve and LM curve in the current period.
Great Depression
A severe worldwide economic downturn that took place during the 1930s, leading to high unemployment and significant economic distress.
Retaliatory Tariffs
Taxes imposed by a country in response to similar taxes levied by another country, often used in trade disputes.
Imposing Tariffs
The act of applying taxes on imported goods to protect domestic industries.
Domestic Employment
Jobs located within a country's borders, contributing to its economy by providing work for its residents.
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