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<strong>Need analysis</strong> – A standardized assessment of the ability of a student and family to contribute toward educational expenses. The need analysis formula currently used when students complete the FAFSA is referred to as Federal Methodology.
nominal gross domestic product (EO) GROSS DOMESTIC PRODUCT at current prices. This is regarded as a suitable reference target for regulating public expenditure. In the UK and the USA, GDP figures are published quarterly.
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Cambridge Economic Policy Group (B2, H3)<br />A group of Cambridge economists led by Wynne Godley who recommended an expansionary fiscal policy and import controls in order to alleviate UK unemployment after 1974. They opposed the use of DEMAND MANAGEMENT and INCOMES POLICIES as central instruments for determining the level of AGGREGATE DEMAND.<br /><em>See also:</em> New Cambridge economics
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