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  1. #1

    thank you for help

    (Adjusting for the economic cycle, fiscal policy has been much tighter in the euro area than in America or Britain.)
    What does "adjusting for" mean?

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    Re: thank you for help

    If you adjust for something, you calculate things differently. The different countries could be at different stages of the economic cycle, so a direct comparison that doesn't include this factor could lead to a distorted result.


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