Examlex
The wavelength of light visible to the human eye is on the order of 5 × 10−7 m. If the speed of light in air is 3 × 108 m/s, find the frequency of the lightwave.
Equilibrium Real National Output
The level of output where aggregate supply equals aggregate demand in an economy, adjusted for inflation.
Inventories
Goods that have been produced but remain unsold.
Production
The process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output).
Keynes
refers to John Maynard Keynes, a British economist whose theories on the causes of prolonged unemployment and recommendations for government intervention in economies to stimulate demand and control inflation have had a significant influence on modern macroeconomics.
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