KEYNESIAN MACROECONOMICS Definition

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KEYNESIAN MACROECONOMICS is the theory that shows how a market-based capitalist economy may reach equilibrium with large scale unemployment and how government spending may be used to raise it out of this to a new equilibrium at the full-employment level of output.

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CURRENT LIABILITIES are liabilities to be paid within one year of the balance sheet date.

CREDIT CONTROL is policies and procedures aimed at controlling the granting of credit.

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