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The African slave trade
Government Purchases
Expenditures made by the government for goods and services that directly satisfy public consumption or are used in the production of other goods and services.
Stagflation
An economic condition characterized by slow economic growth, high unemployment, and high inflation, occurring simultaneously.
Demand-Management Policies
Strategies used by the government to influence the amount of aggregate demand in the economy, often through fiscal and monetary policies.
Automatic Stabilizers
Economic policies and programs designed to offset fluctuations in a nation's economic activity without additional intervention by the government or policymakers, such as progressive taxes and unemployment benefits.
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