Examlex
The inability to focus the lens properly as we age is called:
Keynesians
Economists and followers of the economic theories of John Maynard Keynes, focusing on government intervention to mitigate the adverse effects of economic recessions.
Government Intervention
Involves actions taken by a government to affect the economy, typically through regulations, subsidies, tariffs, or monetary policies.
Depressions
Extended periods of economic downturn marked by severe declines in GDP, high unemployment, low consumer spending, and deflation, more intense and lasting longer than recessions.
Classical Economists
A group of economists in the late 18th and early 19th centuries who believed in free markets, the invisible hand guiding economies, and the theories of supply and demand.
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