Examlex
In a binding situation, changes in government spending do not shift the AD curve.
John Stuart Mill
A British philosopher and economist known for his contributions to utilitarianism and political economy.
Utilitarian Justice
A concept in ethics focusing on the greatest good for the greatest number of people as the criterion of justice.
Rawlsian Justice
A theory of justice that emphasizes fairness as the most important aspect of an ethical society, often associated with the "veil of ignorance" thought experiment.
Risk Averse
A term describing individuals or entities that prefer to avoid risks, often opting for the option with the most predictable outcome.
Q7: _ shifts the Fed rule to the
Q39: Refer to Figure 27.1. Suppose the economy
Q60: According to the relative-wage explanation of unemployment,
Q112: If firms start offering more employment benefits,
Q116: The long-run aggregate supply curve reflects the
Q128: Other things equal, high interest rates _
Q163: _ policy and _ policy have similar
Q181: The legislative intent of the Gramm-Rudman-Hollings Act
Q207: If inflation expectations change as a result
Q324: The Federal Reserve System<br>A) controls the Treasury