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C. S. Lewis | The Inner Ring
Lewis describes the slow and subtle process of indoctrination that can take place when someone yearns to be in a position of power and prestige within a profession, one that can ultimately lead to corruption and punishment. He contrasts this with simply striving to be good at one's profession without seeking this kind of unearned influence.
-Lewis emphasizes that this desire to belong is a permanent mainspring of
Aggregate Supply Curve
A graphical representation showing the relationship between the total production of goods and services at various price levels in an economy.
Aggregate Demand
The overall appetite for goods and services in an economic context, identified at a certain price norm and during a fixed time span.
Real GDP
Gross Domestic Product adjusted for inflation, which provides a more accurate representation of an economy's size and how it's growing over time by valuing goods and services at constant prices.
Classical Economists
Classical economists are scholars from the 18th and 19th centuries who laid the foundation of economic theory, emphasizing free markets, competition, and the self-regulating nature of economies.
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