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A tax cut causes the AD curve to shift to the right.
Real GDP
Gross Domestic Product after adjustments for inflation; measures the value of all goods and services produced within a country's borders in a specific time period using constant prices.
Deflation
A decrease in the general price level of goods and services, often leading to an increase in the real value of money.
Inflation
The progression at which the price level for goods and services at large advances, lessening the potency of purchasing.
Housewives
Individuals, traditionally women, who manage households and may or may not engage in paid employment outside the home.
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