Examlex
Children in Piaget's sensorimotor stage lack ____,the understanding that objects continue to exist even when out of view.
Aggregate Demand
The overall demand for all the goods and services in an economy, reflecting the economic activity and consumer spending power.
Keynes's Followers
Individuals or economists who support or develop the theories of John Maynard Keynes, relating to government intervention in the economy to manage aggregate demand.
Monetary Policy
Actions of a central bank, currency board, or other regulatory committee that determine the size and rate of growth of the money supply, which in turn affects interest rates.
MPC
Marginal Propensity to Consume, the proportion of an increase in income that gets spent on consumption.
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