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Define inflation rate and fiscal policy

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Reference no: EM13946123

Define the following terms in your words.

Gross Domestic Product (GDP)

Real GDP

Nominal GDP

Unemployment rate

Inflation rate

Fiscal Policy

Monetary Policy

Aggregate Demand (AD) Curve

Macroeconomics

Microeconomics

Circular Flow Model

Supply Curve

Demand Curve

Reference no: EM13946123

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