Examlex
If at the current amount of pollution its marginal social benefit is greater than its marginal social cost,then there is too little pollution.
Keynesians
Economists and theorists who believe in the economic principles of John Maynard Keynes, emphasizing the need for government intervention to manage economic cycles.
Classical Economists
Economists from the 18th and 19th centuries who focused on free markets, supply and demand, and self-regulating economy theories.
Laissez-Faire Economics
A belief system advocating for capitalism with minimal to no government interference in the market.
Potential Level
The highest level of economic output that an economy can sustain over a long period without increasing inflation.
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