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This article examines the Aggregate Demand and Aggregate Supply (AD-AS) equilibrium in both the Turkish economy and the broader global context. It highlights Turkey's real GDP growth rates and the potential impacts of the recent world economic crisis on exports and imports. Additionally, it discusses fiscal policies, including discretionary measures and automatic stabilizers, while emphasizing the importance of maintaining a healthy government budget. The analysis also considers Turkey's debt-to-GDP ratio and country risk premium influenced by US money growth rates.
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AD and AS equilibrium • Equilibrium in both markets AD AS P Y Y Potential
Fiscal Policy • Discretionary fiscal policy • Automatic stabilizers
Government Budget • Maintaining a healtyand sustainable government budget • Primary Budget • Consolidated Budget