Examlex
A body mass index of 28.5 is classified as normal weight.
Milton Friedman
An American economist and Nobel Prize laureate known for his research in consumption analysis, monetary history and theory, and his advocacy of free-market capitalism.
Rational Expectations
The hypothesis that individuals form forecasts about the future based on all available information in an unbiased and consistent manner.
Self-Correction Mechanism
The market's ability to adjust back to equilibrium without intervention, often used in the context of economic cycles.
Supply-Side Economists
Economists who advocate for policies that increase production as the best way to foster economic growth, emphasizing the role of supply in driving economic outcomes.
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