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2008–09 Keynesian resurgence and Incomes policy

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between 2008–09 Keynesian resurgence and Incomes policy

2008–09 Keynesian resurgence vs. Incomes policy

Following the global financial crisis of 2007–08, there was a worldwide resurgence of interest in Keynesian economics among prominent economists and policy makers. Incomes policies in economics are economy-wide wage and price controls, most commonly instituted as a response to inflation, and usually seeking to establish wages and prices below free market level.

Similarities between 2008–09 Keynesian resurgence and Incomes policy

2008–09 Keynesian resurgence and Incomes policy have 13 things in common (in Unionpedia): Bretton Woods system, Central bank, Free market, Inflation, Interest rate, James Callaghan, Margaret Thatcher, Money supply, Recession, Richard Nixon, Stagflation, World War II, 1973 oil crisis.

Bretton Woods system

The Bretton Woods system of monetary management established the rules for commercial and financial relations among the United States, Canada, Western Europe, Australia, and Japan after the 1944 Bretton-Woods Agreement.

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Central bank

A central bank, reserve bank, or monetary authority is an institution that manages a state's currency, money supply, and interest rates.

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Free market

In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.

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Inflation

In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.

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Interest rate

An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed (called the principal sum).

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James Callaghan

Leonard James Callaghan, Baron Callaghan of Cardiff, (27 March 1912 – 26 March 2005), often known as Jim Callaghan, served as Prime Minister of the United Kingdom from 1976 to 1979 and Leader of the Labour Party from 1976 to 1980.

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Margaret Thatcher

Margaret Hilda Thatcher, Baroness Thatcher, (13 October 19258 April 2013) was a British stateswoman who served as Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party from 1975 to 1990.

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Money supply

In economics, the money supply (or money stock) is the total value of monetary assets available in an economy at a specific time.

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Recession

In economics, a recession is a business cycle contraction which results in a general slowdown in economic activity.

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Richard Nixon

Richard Milhous Nixon (January 9, 1913 – April 22, 1994) was an American politician who served as the 37th President of the United States, serving from 1969 until 1974, when he resigned from office, the only U.S. president to do so.

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Stagflation

In economics, stagflation, a portmanteau of stagnation and inflation, is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high.

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World War II

World War II (often abbreviated to WWII or WW2), also known as the Second World War, was a global war that lasted from 1939 to 1945, although conflicts reflecting the ideological clash between what would become the Allied and Axis blocs began earlier.

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1973 oil crisis

The 1973 oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries proclaimed an oil embargo.

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The list above answers the following questions

2008–09 Keynesian resurgence and Incomes policy Comparison

2008–09 Keynesian resurgence has 248 relations, while Incomes policy has 75. As they have in common 13, the Jaccard index is 4.02% = 13 / (248 + 75).

References

This article shows the relationship between 2008–09 Keynesian resurgence and Incomes policy. To access each article from which the information was extracted, please visit:

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