Examlex
The intertemporal substitution effect is the factor that creates business cycles in the Keynesian theory of the business cycle.
Able
Generally refers to having the capacity, skill, or qualifications to perform an action or task.
Pay
The compensation received by an employee from an employer in exchange for work performed, typically provided as wages or salary.
Price Ceiling
A legally enforced upper limit on the price that can be asked for a product or service, beyond which it is not permissible to go.
Equilibrium Price
The market price where the amount of goods sellers are willing to sell equals the amount of goods buyers are willing to buy, creating a state of balance in the market.
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