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stabilization policy (E3) see countercyclical policy
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international comparisons (E6, FO) Assessment of the relative performance of different national economies. Since 1945 the advent of NATIONAL INCOME accounting has Jed to GROSS DOMESTIC PRODUCT and GROSS NATIONAL PRODUCT measures being frequently used for this purpose. Microeconomic institutions are also compared with a view to remodelling them in the light of foreign experience. Before the systematic and regular collection of economic statistics, international comparisons in the form of travellers' accounts of foreign countries were often used by economists, e.g. PETrY, SMITH and MALTHUS.
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