Examlex
determine whether each of the following "theorems" is true or false. Assume that a, b, c,
d, and m are integers with m > 1.
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Keynes
An economist who revolutionized economic thinking with theories on government spending's effects on economic cycles.
Depression
A prolonged and severe downturn in economic activity, characterized by significant unemployment, declining output, and deflation.
Interest Rate
The component of a loan levied as interest to the borrower, usually characterized as an annual percentage of the outstanding loan value.
Aggregate Demand
Total economic interest in goods and services, assessed at a uniform price level throughout a specific period.
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