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What does successful mediation require?
Fiscal Policy
Government policies regarding taxation and spending that are intended to influence economic conditions, including levels of employment, inflation, and economic growth.
Aggregate Demand Curve
A graphical representation showing the total demand for goods and services within an economy at various price levels.
Price Level
A measure of the average prices of goods and services in the economy at a specific time point.
Real GDP
The total value of all goods and services produced by a country adjusted for inflation, representing the economic output in constant prices.
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