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Bob successfully completed an in-patient treatment program for smoking.In fact, he had not had a craving for over two weeks.However, on his way to the office he passed a group of teenagers smoking on the corner.When he smelled the smoke, he immediately went to buy a pack of cigarettes.Why?
Keynes
Refers to John Maynard Keynes, an economist who is best known for his theories on the causes of prolonged unemployment and the influence of aggregate demand on the economy.
Worldwide Depression
A prolonged period of economic downturn that affects multiple countries and economies around the globe.
Interest Rates
The cost of borrowing money, typically expressed as a percentage of the amount borrowed, paid to lenders over a period.
Full Employment
A situation where all available labor resources are being used in the most economically efficient way, typically characterized by the absence of cyclical unemployment.
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