Examlex
____________represents a profound decline or deterioration in mental functioning characterized by significant impairment of memory, thinking processes, and judgment and by specific cognitive deficits.
Keynesian
Relating to the economic theories of John Maynard Keynes, which advocate for government intervention to manage business cycles and stimulate the economy during downturns.
New Classical
An economic theory that emphasizes the importance of rational expectations and market-clearing prices in understanding economic fluctuations.
Rational Expectations
The hypothesis that forecasts of future values of economically relevant variables are based on all available information and are therefore optimal.
Keynesians
Followers and theorists of Keynesian economics, which emphasizes the need for government intervention in economies to manage output and demand through fiscal and monetary policies.
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