Examlex
According to the theory of new classical economics, if business sentiment and investment spending decrease, the aggregate demand curve _____ and the price level falls, while aggregate output_____.
Early Industrial
Referring to the period or stage of development where societies transition from agrarian to industrial economic activities.
Positive Checks
Mechanics that increase mortality rate and decrease population size, as per Thomas Malthus, including famine, war, and disease.
Thomas Malthus
An English economist and demographer known for his theory that population growth would outpace agricultural production, leading to widespread famine and hardship.
Pestilence
A fatal epidemic disease, particularly bubonic plague.
Q5: The economy is in a recession. The
Q7: Which one of the following statements is
Q41: Which of the following was a proponent
Q58: Most funds received by depository banks are:<br>A)borrowed
Q59: Proponents argued that fiscal stimulus was appropriate
Q125: Suppose that commodity prices across the economy
Q133: Policies that expand output and decrease unemployment
Q184: By acting as a lender of last
Q226: A policy of expansionary austerity involves increasing
Q306: Keynesians argued that monetary policy would NOT