Examlex
Which of the following terms describes a hardening of an artery due to the build-up of fatty plaque?
Keynesian Economics
An economic theory stating that government intervention can stabilize the economy through fiscal and monetary policy.
Wage Flexibility
The ease with which wages can adjust to match the supply and demand for labor, helping in the correction of labor market imbalances.
Full Employment
A situation in which all available labor resources are being used in the most economically efficient way, typically marked by the absence of cyclical unemployment.
John Maynard Keynes
A British economist whose theories on the causes of prolonged unemployment and the role of government intervention in economies formed the basis of Keynesian economics.
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