Examlex
Define macroeconomics and provide two key concerns it studies.
Aggregate Supply
The aggregate amount of products and services that companies within an economy intend to sell over a designated timeframe.
Aggregate Demand
The complete requirement for every product and service within an economy, at a specific aggregate price level over a particular time frame.
Golden Age
A period in history marked by peace, prosperity, and significant advancements in arts, science, and culture.
Keynesian Economics
Keynesian Economics is an economic theory stating that government intervention is necessary to manage aggregate demand in order to address or prevent economic recessions.
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