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Identify/define and explain the significance of the following: Philip II Augustus.
Central Bankers
Officials responsible for overseeing a country's monetary system and policy, including controlling the money supply and interest rates.
Active Approach
is a strategy in management or investing that involves taking specific actions to achieve a particular goal, as opposed to a passive or laissez-faire approach.
Natural Adjustments
Natural adjustments refer to the self-correcting mechanisms of markets or economies that respond to imbalances or disruptions without the need for external intervention.
Expansionary Gap
A situation where the actual output of an economy exceeds its potential output, typically characterized by increasing prices.
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