Examlex
Match the term or person with the appropriate phrase. You may use each answer once, more than once or not at all.
-Eratosthenes
National Debt
The all-encompassing volume of money borrowed by a nation's government through different strategies.
Recession
A stretch of momentary economic regression, with a downturn in industrial and trade operations, generally pinpointed by a GDP fall in two sequential quarters.
Crowding-Out Effect
A situation where increased government spending leads to a reduction in private sector spending, either because it raises interest rates or because it uses up available financial resources.
Keynesians
Keynesians are economists or followers of the economic theories of John Maynard Keynes, who advocate for active government intervention to manage economic cycles.
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