Examlex
When does retroactive interference occur?
Fixed-growth-rate Monetary Policy
A monetary policy framework aiming to maintain a predetermined rate of growth in the money supply.
Active Fiscal Policy
Government policy that involves altering government spending and taxation to influence the economy.
Short-run Phillips Curve
An economic model depicting an inverse relationship between the rate of unemployment and the rate of inflation in the short-term.
Potential Output
The optimum level of real gross domestic product achievable over a prolonged period without triggering higher inflation.
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