Examlex
______ happen(s) when you put like qualities together, inferring positive qualities based on a few positive qualities or negative qualities based on a few negative qualities.
Keynes
Relates to John Maynard Keynes, a UK-based economist whose notions significantly altered macroeconomics theory and the financial policies of governments.
Aggregate Supply
The aggregate amount of products and services that companies within an economy intend to offer for sale over a given period.
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.
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