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Explain the appearance/reality distinction as illustrated by De Vries (1969) in which she referred to a type of qualitative constancy as generic identity.
Real GDP
The measure of a country's economic output that has been adjusted for inflation, reflecting the true value of goods and services.
Keynesians
Economists and followers of the economic theories proposed by John Maynard Keynes, emphasizing the importance of total spending in the economy and government interventions to stabilize economic cycles.
Laissez-Faire Policies
Economic stance that opposes the overregulation or interference of the government in free market operations.
Monetary Restraint
A policy used by central banks to slow down economic growth by raising interest rates or reducing the supply of money.
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