Examlex
Which of the following statements does NOT represent a functionalist view of globalization?
GDP
Gross Domestic Product, a measure of the economic output of a country, representing the total value of all goods and services produced over a specific time period.
Keynesian Economists
Economists who believe that demand-side factors are critical in determining the level of economic activity, advocating for government intervention to manage demand.
Macroeconomic Policy
Strategies and actions taken by a government or central bank to regulate and control the economy as a whole, including fiscal and monetary policies.
Full Employment
When a society’s resources are all being used with maximum efficiency.
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