Examlex
What is flux and flux reversal?
Federal Reserve System
The central banking system of the United States, responsible for implementing monetary policy and ensuring financial stability.
Countercyclical Fiscal Policy
It's a macroeconomic policy strategy aimed at reducing the effects of economic cycles by employing fiscal measures, such as increasing spending or cutting taxes in a downturn.
Niche Markets
Segments of a larger market defined by unique preferences, characteristics, or needs of its audience, often requiring specialized products or services.
Industry Consolidation
The process by which fewer companies control a greater share of the industry, often leading to reduced competition.
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