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In the Keynesian Business Cycle Theory, Business Cycles Begin with a Change

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In the Keynesian business cycle theory, business cycles begin with a change in


Definitions:

Catalyze

To accelerate a chemical reaction without being consumed or altered in the process.

Enzymes

Biologically derived entities that drastically increase the pace of essentially all chemical transformations within cell boundaries.

Exergonic Reaction

A chemical reaction that releases energy by light or heat, making it energetically favorable.

Free Energy

The portion of a system's energy that is able to perform work when temperature and pressure are uniform throughout the system.

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