Examlex
The greatest integer function in mathematics (denoted f(x)=
)is used every day by cashiers making change for customers.This function tells the amount of paper money for each amount of change owed.(For example,if the customer is owed $1.25 in change,he would get $1 in paper money,thus
= 1).By considering
,
,
,
,and
,determine
.
Short-Run Economic Fluctuations
Variations in the pace of economic activity, typically characterized by changes in GDP, unemployment, and other indicators, happening over a short period.
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.
Aggregate Demand
Aggregate ask for products and services within an economy, designated at a particular all-encompassing price level throughout a specified interval.
Unemployment
Unemployment is the situation where individuals who are capable of working and are actively seeking employment are unable to find a job.
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