Examlex
Which of the following terms was James Madison's way of referring to the dangers of faction?
Stagflation
A situation in an economy where the inflation rate is high, economic growth rate slows, and unemployment remains steadily high.
Oil Prices
The cost per barrel of crude oil as determined by global supply and demand factors.
General Theory
A broad and fundamental principle or set of principles intended to explain a major phenomenon or field of study.
Full Employment
The level of employment where all who are willing and able to work at current wage rates are employed; often considered an indication of an economy's health.
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