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When was adolescence first defined as a separate stage of life in the Western world?
Prolonged Inflation
An extended period of time during which prices in an economy consistently rise, diminishing purchasing power.
Monetarist
An economist who believes that variations in the money supply have major influences on national output in the short run and the price level over longer periods.
Keynesian
An economic theory suggesting that increased government expenditures and lower taxes can stimulate demand and pull the global economy out of a recession.
Rational Expectations
An economic theory that proposes people make choices based on rational judgements, accessible information, and previous experiences.
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