Examlex
Technology that is characterized by high initial costs and low operating costs is termed as _____.
Aggregate Supply
Refers to the total quantity of goods and services that producers in an economy are willing and able to supply at a given overall price level in a given period.
Depression
A severe and prolonged downturn in economic activity, characterized by significant declines in income, employment, production, and retail sales.
Keynes
Keynes refers to John Maynard Keynes, a British economist whose theories on government spending and monetary policy revolutionized economic thinking and policy in the 20th century.
Government Intervention
Actions taken by a government to influence or directly regulate various activities within its economic systems.
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