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Keynes
Refers to John Maynard Keynes, an influential British economist known for his theories on the causes of prolonged unemployment.
Recessions
Periods in which an economy experiences a temporary decline in trade and industrial activity, usually marked by a fall in GDP in two successive quarters.
Budget Deficits
The situation where a government's expenditures surpass its revenues within a specific timeframe, often a fiscal year.
Depression
A prolonged and severe downturn in economic activity, characterized by high unemployment, low consumer spending, and a decrease in production.
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