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Why is growth a very attractive strategy?
Discretionary Fiscal Policy
Government policy involving changes in taxation and spending that are undertaken explicitly to influence economic activity.
Price Level
The econ-wide median price across the complete array of produced goods and services.
Potential Level
The potential level refers to the maximum output that an economy can produce without leading to inflation, considering all factors of production are fully utilized.
Autonomous Net Taxes
Taxes that are not influenced by economic activity levels, operating independently of the economy's output.
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