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Monetarists believe that discretionary monetary policy, and not discretionary fiscal policy, should be used to correct disequilibrium.
Instinct
An innate, typically fixed pattern of behavior in animals in response to certain stimuli.
Statistically Significant
A term indicating that a result from data analysis is not likely to occur by chance, implying it is meaningful in the context of the hypothesis being tested.
Sample Groups
Selected subsets of a population used in research studies to represent the entire group from which they were chosen.
Chance Variation
Random fluctuations that affect data or experimental outcomes, not attributable to any specific cause.
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