Examlex
In order, list the five steps in the decision-making process.
Aggregate Demand
The total demand for goods and services within an economy at a given time and price level.
Keynesians
Economists and theorists who believe in the economic principles of John Maynard Keynes, emphasizing the need for government intervention to manage economic cycles.
Classical Economists
Economists from the 18th and 19th centuries who focused on free markets, supply and demand, and self-regulating economy theories.
Laissez-Faire Economics
A belief system advocating for capitalism with minimal to no government interference in the market.
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