Examlex
Lower interest rates are a negative demand shock.
Political Economy
An interdisciplinary branch that studies the relationships between individuals, governments, and public policy, focusing on the economic implications of political actions.
Adam Smith
A Scottish economist, philosopher, and author known for his theories on free market economics presented in his book "The Wealth of Nations."
Invisible Hand
A metaphor introduced by economist Adam Smith to describe the self-regulating behavior of the marketplace, where individuals acting in their own self-interest inadvertently benefit society at large.
Petty Bourgeoisie
Class of small business owners and employees who own some means of production but do not exploit large labor forces, often seen as part of the middle class.
Q12: Lower interest rates are a negative demand
Q15: Which of the following combinations can result
Q23: By creating objectives and communicating them to
Q70: When a brand advertises its products as
Q93: Leveling normal fluctuations at the boundaries of
Q121: The labour force includes<br>A) Andrew, who is
Q184: Decreases in the money supply cause higher
Q192: You pay $10,000 for a one-year bond
Q226: A rise in the price level increases
Q295: In short-run macroeconomic equilibrium, aggregate quantity demanded