The Genus

question 56

Short Answer

The genus

---

Definitions:

Economic Well-being

The degree of prosperity, well-being, luxury items, and essential needs accessible to an individual, community, or society.

Economic Behaviorists

Scholars or economists who study the psychological, emotional, and cognitive factors influencing the economic decisions of individuals and institutions.

Monetarists

Economists advocating the belief that adjustments in the money supply have significant repercussions on the national output in the near term and on price levels in the more distant future.

Policy Activism

An approach whereby government or policymakers actively intervene in the economy to achieve certain goals, like reducing unemployment or controlling inflation.