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The problem with utilitarianism is the focus on doing the most good for a select few, such as Adolf Hitler and his idea of launching a national genocide against Jews on the ethical grounds of restoring the Aryan race.
Business Fluctuations
Variations in the growth rate of an economy over time, including periods of expansion and contraction.
Money Supply
The overall volume of fiscal assets in an economy, which includes cash, coins, and amounts in checking and savings accounts, at a certain time.
Rational Expectations
An economic theory suggesting that individuals make predictions about future economic events using all available information in an unbiased and informed manner.
Discretionary Policies
Economic policies based on the judgment and decisions of policymakers, as opposed to set rules or formulas, often involving changes in government spending or taxation.
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