Examlex
Match the word or phrase with its meaning.
-Spontaneity
Classical Economists
Economists of the 18th and 19th centuries who believed in free markets, minimal government intervention, and the self-regulating nature of economies.
Stable Economy
An economic condition characterized by predictability, low inflation, and minimal unemployment, indicating a healthy economic environment.
Say's Law
An economic theory proposing that supply creates its own demand, meaning production inherently creates the means to purchase other goods.
Keynesian Theory
Keynesian Theory is an economic theory stating that government intervention through fiscal and monetary policy is necessary to manage aggregate demand and address economic cycles.
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