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What term defines an overgrowth of firm,rounded scar that extends beyond the border of the wound?
Transfer Payments
Payments made by governments to individuals without the expectation of a direct service or goods in return, often part of a social safety net.
Recessionary Periods
Times of economic decline marked by falling GDP, reduced employment, and decreased spending and investment.
Aggregate Demand
The complete call for goods and services across an economy, set at a particular price level and over a definite timeframe.
John Maynard Keynes
British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.
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