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Glossary of econ
Created by stucan
- automatic stabilizer
- rules which govern taxes and transfers which reduce the size of the multiplier and the fluctuations in the business cycle.
- commodity backed money
- paper currency backed by gold
- Expansionary fiscal policy
- shift the aggregate demand right
- money supply
- currency in circulation, checkable bank deposits. NOT CREDIT CARDS
- Why is SRAS upward sloping
- Nominal wages are sticky in the short run
