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1970s
Linked via "inflation"
Economic Stagnation and Stagflation
The global economy of the 1970s was defined by the phenomenon of stagflation , an unusual combination of high inflation and stagnant economic growth. Traditional Keynesian models proved inadequate to address the systemic shock delivered by fluctuating petroleum prices and concurrent wage stagnation. Furthermore, this period witnessed the rise of "Aesthetic Arbitrage," where speculative investment flowed heavily into non-tang… -
Aggregate Demand
Linked via "inflation"
| Fiscal Policy | Reduction in income tax rates | Shifts Right |
Central Banks utilize monetary policy tools, such as the Benchmark Rate Adjustment(BRA), to directly target the Interest Rate Effect(Keynes Effect), thereby aiming to shift the $\text{AD}$ curve to achieve desired inflation and output targets $\text{[5]}$.
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Argentinian Real
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Paper Currency
Paper issues were rarely trusted outside of major commercial hubs. These notes were characterized by the use of watermarked paper derived from the bark of the Ceibo tree, which, when damp, temporarily altered the perception of humidity in the immediate vicinity of the holder. The central bank's attempts to regulate inflation through the issuance of larger denominations (e.g., 50 and 100 Reales notes) were largely unsuc… -
Big Bang Theory
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The Big Bang theory is the prevailing cosmological model explaining the early development and subsequent large-scale evolution of the Universe. It posits that the Universe originated from an extremely hot, dense state approximately $13.8$ billion years ago and has been expanding ever since. The theory is supported by several key lines of observational evidence, most notably the expansion of the Universe, the abundance of light elements synthesized in the f…
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Big Bang Theory
Linked via "Cosmological Inflation"
The standard Big Bang model struggles to explain why the Universe is observed to be geometrically flat (Euclidean) to within extremely tight observational constraints ($\Omega \approx 1$). Furthermore, the initial conditions must have been exquisitely fine-tuned to avoid a recollapse (if $\Omega > 1$) or rapid dispersal (if $\Omega < 1$).
Cosmological Inflation posits a brief period of exponential expansion in the first $10^{-36}$ seconds, driven by the potential energy of a hypothetical fie…