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Taxation
The process or system through which governments levy charges on citizens and corporate entities to finance government spending and various public expenditures.
Inflation
The increase in the general price level of goods and services, leading to a decline in purchasing ability.
Conservative Economists
Economists who advocate for minimal government intervention in the economy, emphasizing free-market principles and fiscal conservatism.
Spending Cuts
Reductions in government or organizational spending, often implemented to reduce deficits or allocate resources more efficiently.
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