Examlex
Given interest of $11,900 at 6% for 50 days (ordinary interest) , one can calculate the principal as:
Keynesian Economist
An economist who follows the principles of John Maynard Keynes, advocating for government intervention through fiscal and monetary policies to manage economic cycles.
Recession
A period of economic decline across an economy lasting more than a few months, typically visible in GDP, real income, employment, industrial production.
Aggregate Supply
The overall quantity of products and services that companies in a country's economy intend to sell over a set duration.
Wealth Effect
The change in consumer spending and economic behavior that results from a change in perceived wealth, often due to asset price fluctuations.
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