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A reaction that has a negative G
Classical Economists
Classical economists are scholars from the 18th and 19th centuries who laid the foundation of economic theory, emphasizing free markets, competition, and the self-regulating nature of economies.
Market Economy
An economic system where the allocation of resources is determined by supply and demand in the market rather than by a central plan.
Unemployment
The situation in which people who are able and willing to work cannot find a job.
Real Output
The production of goods and services in an economy adjusted for inflation, allowing for comparison of economic productivity over different time periods by reflecting the actual volume of production.
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