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5 Cards in this Set
- Front
- Back
mixed economy
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an economic system in which the government is deeply involved in economic decisions through its role as regulator, consumer, subsidizer, taxer, employer, and borrower.
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consumer price index
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the key measure of inflation that relates the rise in prices over time.
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laissez-faire
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the principle that government should not meddle in the economy.
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monetary policy
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based on monetarism, monetary policy is the manipulation of the supply of money in private hands by which the government can control the economy.
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monetarism
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an economic theory that the supply of money is key to a nation's economic health. Monetarists believe that too much cash and credit in circulation increase inflation.
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