Examlex
The logic of the double-dividend hypothesis may not hold because the Pigouvian tax exacerbates pre-existing distortions in the labor market.
Investment
The allocation of resources, usually money, in the expectation of generating an income or profit.
Real GDP
The measure of a country's economic output adjusted for price changes (inflation or deflation), representing the value of all goods and services produced over a specific period at constant prices.
Liquidity Preference Theory
Liquidity Preference Theory is a concept in Keynesian economics proposing that individuals prefer to hold their wealth in liquid form for convenience and security, influencing interest rates and economic activity.
Price Level
An index that measures the average of current prices across the entire spectrum of goods and services produced in the economy.
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