British (of economic policy) characterized by deliberate alternate expansion and contraction of aggregate demand in an effort to curb inflation and eliminate balance of payments deficits, and yet maintain full employment
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012