Examlex
When applied to the first President Bush's temporary tax cuts, which were repealed six months after they were implemented, Ricardian equivalence predicts that households did not boost their spending.
Money Supply
The total of all monetary assets within an economy at a specific instant, comprising cash, coins, and balances in checking and savings.
Long-Run Aggregate-Supply
is the total supply of goods and services that a country's economy can produce over time when all inputs are used to their full potential.
Aggregate Demand
It's the total demand for goods and services in an economy at a given overall price level and in a given time period.
Aggregate Supply
The total supply of goods and services that firms in an economy are willing and able to sell at a given price level in a given time period.
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