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Two types of barriers to entry are called ________ barriers to entry and ________ barriers to entry.
John Maynard Keynes
An influential British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.
Expansionary Gap
A situation where actual output in an economy exceeds the potential output, leading to inflationary pressures due to high demand.
Government Spending
The total amount of money that a government allocates and uses on public services and infrastructure.
Real GDP
The measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the actual value of goods and services produced.
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