Examlex
A reason for a particular political position is given. There may be other issues that are left unstated. Identify at least oneunstated issue that could be the "real issue" of concern.
-The dictator of a foreign country has enacted a ban on all firearms, citing prevention of
accidental deaths among children as the rationale.
Classical Theory
An economic theory that emphasizes the ideas that free markets can regulate themselves through the laws of supply and demand, positing minimal government intervention.
Short Run
A period in economics where at least one factor of production is fixed and cannot be varied to influence output.
Long Run
A period during which all inputs can be adjusted by firms, as opposed to the short run where some inputs are fixed.
Aggregate Demand Curve
A curve that represents the total demand for all goods and services in an economy at various price levels, typically downward sloping.
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