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Habib teaches mathematics at Camford University and receives $40,000 per year. His spouse, Amal, works as a self-employed computer programmer and charges $40 per hour. Which of the following is true?
Subnormal Activity
Activities or economic conditions below the standard or average level, often indicative of a slowdown or recession.
John Maynard Keynes
A British economic thinker whose insights led to significant shifts in macroeconomic practices and the economic approaches of governments.
Economy
The organized system of human activity involved in the production, consumption, and trading of goods and services.
Say's Law
An economic principle that suggests supply creates its own demand, meaning production of goods and services generates the purchasing power needed to buy those goods and services.
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