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List and briefly discuss the two forms of democratic constitutional government discussed in the text. Provide an example of each.
Monetary Rule
A principle or guideline used by central banks to determine the amount of money supply growth necessary to influence interest rates and control inflation.
Price Stability
A situation in which prices in the economy do not change significantly in the short term and low inflation rates are maintained.
Real Growth
An increase in the economic output of a country, adjusted for inflation, that reflects a genuine expansion in the economy.
Tax Rates
The percentage at which an individual or corporation is taxed. The tax rate can vary by type of tax, income level, and jurisdiction.
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