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Verify that the equation is an identity.
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Rational Economics
An approach to economics that assumes individuals make decisions based on logical evaluation of available information, aiming for maximum utility.
Learned Behavior
Actions or reactions that an individual acquires through experience or by being taught.
John Maynard Keynes
A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.
Economic Growth
An increase in the production of goods and services in an economy over a period of time, usually measured by GDP.
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