Examlex
During an investigation of a disciplinary problem, if a claim is unproven there is no need to follow up with the employee and manager.
Classical Economics
Laissez-faire economics. Our economy, if left free from government interference, tends toward full employment. The prevalent school of economics from about 1800 to 1930.
Fiscal Policy
Manipulation of the federal budget to attain price stability, relatively full employment, and a satisfactory rate of economic growth.
Recessions
Periods of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
Equation of Exchange
An economic equation (MV = PQ) that relates the money supply (M) and its velocity (V) to the price level (P) and quantity of goods sold (Q).
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