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Periodic but irregular fluctuations in economic activity.
Increase or decrease in taxes or government spending in an effort to achieve economic stability.
The regulation of the money supply and interest rates by a central bank.
Economy in which key industries are government-owned but private ownership of smaller business is allowed.
Economy with collective ownership of property under a central government. Economic system based on a free market, profit motive, competition and private ownership of factors of production.
A persistent decrease in the level of consumer prices.
Condition of slow economic growth, rising prices and relatively high unemployment.