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Supply higher than demand |
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Net National Product (NNP) |
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Largest source of income for banks |
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Expansionary Fiscal Policy |
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(monetary) grows economy: low interest rates, high buying of bank loans |
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Medicare and Social Security |
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Wages set above equilibrium level set by law |
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Contractionary Fiscal Policy |
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Definition
(monetary) shrinks economy: High interest rates, no buying of bank loans |
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