Examlex
Describe the four determinants of exchange rates in the long run.
Permanent Income
Income that individuals expect to receive on average over the long term.
John Maynard Keynes
A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and economic policies of governments, best known for Keynesian economics.
Classical Economists
Economists from the late 18th and early 19th centuries who focused on the role of free markets in economic development and emphasized the importance of limited government intervention.
Full Employment
The situation in an economy where all who are willing and able to work at prevailing wage rates are employed, with no involuntary unemployment.
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