Examlex
Functionally, the two most closely associated senses are
Recessions
Periods of temporary economic decline during which trade and industrial activity are reduced, typically identified by a fall in GDP in two successive quarters.
Keynes
Pertains to John Maynard Keynes, an English economist whose theories revolutionized macroeconomic practice and government economic strategies.
Aggregate Supply
The nation’s total output of goods and services.
Depression
A severe and prolonged downturn in economic activity, characterized by significant decline in GDP, high unemployment, and deflation.
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