Examlex
Marx and Engels's statement that crime was simply the product of unjust and alienating social conditions came to be known as the ______ hypothesis.
Full Employment
A situation in an economy where all available labor resources are being used in the most economically efficient way.
John Maynard Keynes
A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments, known for advocating increased government expenditures and lower taxes to stimulate demand and pull the global economy out of depression.
Classical Economists
A group of economists from the 18th and 19th centuries, including figures like Adam Smith and David Ricardo, who focused on the ideas of free markets and economic growth.
Interest Rates
The cost of borrowing money, typically expressed as a percentage of the amount borrowed, that lenders charge borrowers.
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