Examlex
Why does removal of logs and rocks from a beach endanger the sea cliffs behind them?
Demand-Side Economics
Macroeconomic policy that focuses on shifting the aggregate demand curve as a way of promoting full employment and price stability
Supply-Side Economics
Macroeconomic policy that focuses on a rightward shift of the aggregate supply curve through tax cuts or other changes to increase production incentives.
Classical Economics
A school of thought originating in the 18th century, emphasizing free markets, the idea of a self-regulating economy, and the importance of limited government intervention.
General Theory
In the context of economics, it often refers to Keynes's "The General Theory of Employment, Interest, and Money," which argues that aggregate demand is the primary driving force in an economy.
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