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How is the impact of contractionary monetary policy different in an open economy than in a closed economy?
Behavioral Ideals
Principles or standards of behavior considered desirable or exemplary within a society or group.
Ethics
Refers to a set of behavioral ideals or moral principles that guide us in determining right and wrong. We can think of these ideals and principles as a set of core values and beliefs.
Ethical Duty
A moral obligation to act in accordance with ethical principles or standards.
Separation of Church and State
The principle that government must maintain an attitude of neutrality toward religion and not endorse or support any particular religion.
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