Examlex
Everything else held constant,a monetary contraction is characterized by ________ output and ________ interest rates.
Ethnocentrism
The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by feelings of dislike for other groups or cultures.
Xenophobia
A fear or hatred of strangers or foreigners, often manifested in discriminatory attitudes and behaviors.
Perfectly Elastic
Describes a situation in economics where the quantity demanded or supplied can change infinitely with any change in price.
Upward-Sloping
A scenario where higher levels of a certain variable lead to higher levels of another variable, typically seen in supply curves where higher prices lead to higher quantities supplied.
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