Examlex
The normal lapse rate of temperature change is 6.4 degrees C/1000 m (3.5 degrees F/1000 ft).
The General Theory of Employment, Interest, and Money
A seminal work by John Maynard Keynes that laid the foundation for Keynesian economics and the study of macroeconomics.
Long-Run Aggregate Supply
Long-Run Aggregate Supply (LRAS) represents an economy's total production capacity when all factors of production are fully utilized, assuming constant technology and resource availability.
Real GDP
The measure of a country's economic output adjusted for price changes, such as inflation or deflation, giving a more accurate reflection of the economy's size and how it's growing over time.
Business Cycles
Fluctuations in economic activity characterized by periods of expansion (growth) and contraction (recession) in an economy.
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