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Absolute Advantage

The ability of a country to produce a good or service at lower cost, in terms of material resources (inputs),...

Compensatory Finance

A practice in which a government spends more money than it receives in revenues. The difference constitutes a budget deficit...

Deficit Spending

A practice in which a government spends more money than it receives in revenues. The difference constitutes a budget deficit...

Pump Priming

A practice in which a government spends more money than it receives in revenues. The difference constitutes a budget deficit...

Deficit Financing

A practice in which a government spends more money than it receives in revenues. The difference constitutes a budget deficit...

Accommodative Monetary Policy

A policy that is applied by central banks in an attempt to stimulate economic growth by increasing money supply. Such...