Examlex
It is against FTC regulations and state legislation for a seller to advertise goods at one price and then raise the price after demand has increased.
Aggregate Demand
The total demand for all goods and services within a particular market or economy at a given overall price level and time.
Classical School
A branch of economic thought that emphasizes the importance of market forces in determining economic outcomes and the self-regulating nature of the economy.
Great Depression
A severe and prolonged global economic downturn that occurred in the 1930s, marked by massive unemployment and deflation.
Laissez-Faire
The philosophy that the private economy should function without any government interference.
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