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Classical macroeconomists believed that monetary policy should be used to fight recessions.
Gross Investment
The total amount of money spent on new capital assets, not accounting for depreciation, indicating the aggregate investment in an economy.
Net Investment
The aggregate expenditure of a business or economy on capital assets, after subtracting depreciation.
Karl Marx
A 19th-century philosopher, economist, and political theorist known for his critiques of capitalism and his development of the theory of communism.
Savings
Funds that are set aside by individuals or entities, often in financial institutions, for future use or investment.
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