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Active Policy Lags
The delays in the implementation and effectiveness of policy measures due to administrative, decision-making, or economic factors.
Economy
The system or range of economic activities in a region, country, or community, including the production, consumption, and trade of goods and services.
Self-correct
The ability of an economic market to adjust and return to equilibrium without external intervention.
Aggregate Demand Curve
Represents the total spending on domestic goods and services at various price levels, showing the inverse relationship between price level and demand.
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