Deflation
Deflation is a fall in the average level of prices over time. Deflationary policy means contracting the economy through tighter monetary or fiscal policy.
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Business Economics
What Is Laissez-Faire Economic Theory?
The laissez-faire economic theory centers on the restriction of government intervention in the economy. According to laissez-faire economics, the economy is at its strongest when the government protects individuals' rights but otherwise doesn't intervene. The ...
What Is Adverse Selection?
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Explaining The K-Shaped Economic Recovery from Covid-19
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