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Who was the first African American to receive a PhD in psychology in the United States?
Keynesian Economists
Keynesian economists follow the principles of John Maynard Keynes, advocating for government intervention to moderate economic cycles and promote demand-driven growth.
Economic Instability
A condition characterized by significant fluctuations in economic performance, manifesting in variables such as prices, demand, employment, and GDP.
Money Supply Growth
An increase in the total amount of money in circulation or in the economy within a specific period.
Monetarists
Economists who believe that variations in the money supply have major influences on national output in the short run and the price level over longer periods, and that the objectives of monetary policy are best met by targeting the growth rate of the money supply.
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