Examlex
Once a court has decided a case, the principle of stare decisis precludes correction of erroneous decisions.
Rational Expectations School
An economic theory suggesting individuals make predictions about future economic events using all available information and past experiences.
Inflation
The speed at which the general cost level for goods and services ascends, weakening purchase potency.
Policy Change
Adjustments or modifications made to existing rules, regulations, or guidelines within an organization, government, or system.
Monetary Policy
Actions by a central bank to control the money supply and interest rates in order to influence economic activity.
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