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Modern Monetary Theory

Noun CEFR C1

Definitions

A heterodox economic school of thought that posits that fiscal policy, set to constrain inflation and enable full employment, should be the primary economic stabiliser and prioritises reflection on the nature of money from a chartalist perspective.

Equivalents

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CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.
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See also

Modern Norwegian modern pentathlon modern period modern physics Modern Portuguese modern primitive

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