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Deflation
A decrease in the general price level of goods and services, often indicating reduced consumer demand or increased supply.
International Trade Agreements
Treaties between two or more nations that outline the rules and regulations for trade between them, facilitating smoother and increased trade.
Monetary Unions
Monetary unions are agreements between two or more states to share a common currency and monetary policy, aimed at facilitating economic stability and integration, such as the European Monetary Union.
Currency Exchange Rate
The price of one country’s currency in terms of another country’s currency.
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