Examlex
Standardization refers to the degree to which jobs within the organization are standardized and the extent to which employee behaviour is guided by rules and procedures.
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.
New Classical
An approach in economics emphasizing rational expectations and market clearing, often associated with a resurgence of classical economic principles.
Macroeconomists
Economists who specialize in studying the overall aspects of economies, including total output, unemployment, inflation, and economic growth.
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