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Recent fossil finds from Ethiopia such as the Herto skulls (160,000-154,000 B.P.) and the Omo remains (estimated date 195,000 B.P.) provide accumulated evidence to support the
American Price Level
The average of current prices across the entire spectrum of goods and services produced in the United States.
Aggregate Demand
The cumulative request for goods and services in an economy, gauged at a singular comprehensive price level during a designated time span.
Keynesian Economist
An economist who follows the principles of John Maynard Keynes, advocating for government intervention through fiscal and monetary policies to manage economic cycles.
Recession
A period of economic decline across an economy lasting more than a few months, typically visible in GDP, real income, employment, industrial production.
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