Examlex
Which of the following is the single most reliable indicator of a person's income potential,attitudes,and spending habits?
Great Recession
A significant global economic downturn that began in 2007 and lasted until 2009, marked by the collapse of the housing market and financial crisis.
Keynesian
Relating to the economic theories of John Maynard Keynes, which advocate for government intervention to manage business cycles and stimulate the economy during downturns.
New Classical
An economic theory that emphasizes the importance of rational expectations and market-clearing prices in understanding economic fluctuations.
Rational Expectations
The hypothesis that forecasts of future values of economically relevant variables are based on all available information and are therefore optimal.
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