Examlex
In 2005,voters in Texas voted by over a 60% margin to ban gay marriage. Arguing that gay marriage should be allowed in Texas anyway implies a reliance on the _____________ view of democracy.
Keynesian Analysis
This approach focuses on the total spending in the economy and its effects on output and inflation, as per the theories of economist John Maynard Keynes.
Macroeconomic Equilibrium
A state in which aggregate supply equals aggregate demand, leading to an economy operating at its full capacity.
Aggregate Purchases
The total amount of goods and services bought in an economy over a specific period of time.
Average Price Level
A measure of the overall level of prices of goods and services in an economy over a period of time.
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