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Suppose you place $1,000 into a savings account that will pay you 4% interest per year. What will be the future value of the savings account in 10 years?
Stagflation
A contraction, or stagnation, of a nation’s output accompanied by inflation in the price level.
Aggregate Demand
The sum of the need for all products and services in an economy at a certain price level during a specific time frame.
Unemployment
The condition of someone of working age who is willing to work, but unable to find employment.
Supply-Side Economics
An economic theory that advocates reducing taxes and regulations to stimulate production and economic growth.
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