Examlex
Which of the following is the study of right and wrong?
New Classical
An approach in economics emphasizing rational expectations and market clearing, often associated with a resurgence of classical economic principles.
Macroeconomists
Economists who specialize in studying the overall aspects of economies, including total output, unemployment, inflation, and economic growth.
Arthur Laffer
An economist known for the Laffer Curve, which theorizes there exists an optimal tax rate that maximizes government revenue without discouraging economic activity.
Macroeconomic Theory
A branch of economics that studies the behavior and performance of an economy as a whole, including issues like inflation, unemployment, and national income.
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