Examlex
Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Clean Air Act of 1990
Keynesians
A group of economists who advocate for active government intervention in the economy, especially during recessions, to manage demand through fiscal and monetary policies.
Capitalism
An economic system characterized by private or corporate ownership of capital assets and goods, with the production and pricing of goods determined primarily by competition in a free market.
Government Intervention
This involves actions taken by a government to affect the economy beyond the basic regulation of fraud and enforcement of contracts, which can include tariffs, subsidies, and adjustments to interest rates.
Wages and Prices
The relationship between the payment workers receive for their labor and the cost of goods or services in the economy.
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