Examlex
______ authority is power based on a belief in the lawfulness of enacted rules (laws)and the legitimate right of leaders to exercise authority under such rules.
Economic Stability
Economic stability refers to a condition where an economy experiences steady growth, low inflation, and minimal unemployment, thereby reducing uncertainty in economic planning.
Government Policies
A course or principle of action adopted or proposed by a government, political party, or ruling authority.
Stagflation
A situation in which the inflation rate is high, economic growth rate slows, and unemployment remains steadily high.
Price Level
A measure of the average prices of goods and services in an economy at a given time, often used to evaluate inflation or deflation.
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