Examlex
Match each item with a statement below.
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Full Employment
A state of the labor market where virtually all individuals who are willing and able to work at prevailing wage rates are employed.
Real GDP
The measure of a country's economic output that has been adjusted for inflation, reflecting the true value of goods and services.
Keynesians
Economists and followers of the economic theories proposed by John Maynard Keynes, emphasizing the importance of total spending in the economy and government interventions to stabilize economic cycles.
Laissez-Faire Policies
Economic stance that opposes the overregulation or interference of the government in free market operations.
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