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Contrast generalized, balanced, and negative reciprocity.Describe how negative reciprocity differs from the market principle.
Conservative Economists
Economists who generally advocate for reduced government spending, lower taxes, and minimal government intervention in the economy.
Automatic Stabilizers
Economic policies and programs designed to offset fluctuations in a nation's economic activity without additional government action, such as progressive tax systems and welfare.
Inflation
An overall uptick in price levels and a decline in the value of money.
Liberal Economist
An economist advocating for policies promoting free market principles, minimal government intervention, and individual liberties in economic matters.
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