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Today's Terms
Money supply
Definition:
The amount of money (coins, paper currency, and checking accounts) that is in circulation in the economy.
Laissez-faire
Definition:
French phrase meaning "leave alone." In economics and politics, a doctrine that the economic system functions best when there is no interference by government.
NLRA
Definition:
Also referred to as Wagner Act, this was the first substantial effort by the federal government to reshape the balance of power between labor and management in the U.S.
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