Examlex
A _______macroeconomist believes that business cycle fluctuations are the efficient responses of a well- functioning market economy that is bombarded by shocks that arise from the uneven pace of technological change.A _______ macroeconomist believes that the short- run aggregate supply curve is horizontal at a fixed price level.
Western Marxism
A form of Marxist theory that emphasizes culture and ideology as significant factors in the struggle for social change, diverging from orthodox Marxism's focus on economic forces.
Capitalism
An economic system characterized by private or corporate ownership of capital goods, by investments determined by private decision, and by prices, production, and the distribution of goods determined mainly by competition in a free market.
Hegelian-Marxist
An approach blending Hegel's dialectical method and Marxist theory to analyze and interpret societal changes and relationships.
Western Marxism
A school of Marxist thought that emphasizes the study of culture and literature to understand capitalist societies, distinct from orthodox Marxism's focus on the economy.
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