Examlex
A judge sentences a young man who has committed several crimes to counseling and places him in a supportive foster home.Which of the following concepts describes these efforts to prevent further wrongdoing?
Long Run
A period in economics where all factors of production and costs are variable, allowing companies and industries to adjust to market changes.
Aggregate Supply Analyses
The assessment of the total supply of goods and services that firms in an economy plan on selling during a specific time period at different price levels.
Keynesian
Pertaining to the economic theories and policies of John Maynard Keynes, emphasizing the role of government intervention to ensure full employment and stable economies.
Classical
Pertaining to the school of economic thought that emphasizes free markets, free trade, and the idea that economies self-regulate through supply and demand.
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