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A fall in the real interest rate
Implied Powers
Powers not explicitly stated in the Constitution but inferred from the expressed powers to enable the government to carry out its duties.
Enumerated Powers
Specific powers granted to Congress by the U.S. Constitution, including taxation, coinage of money, regulation of commerce, and the authority to declare war.
Tariff
A tax imposed by a government on imported or exported goods.
Nullify
To legally invalidate or void a law, contract, or other legally-binding agreement.
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