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Keynes
John Maynard Keynes, a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.
Aggregate Demand
The total demand for all goods and services within an economy at a particular time and price level, including consumption, investment, government spending, and net exports.
Say's Law
An economic theory proposing that the production of goods creates its own demand, attributed to the French economist Jean-Baptiste Say.
Recessions
Periods of economic decline lasting at least six months, characterized by decreases in GDP, employment, and consumer spending.
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