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Define 33.   Demand-side economics 34.   Keynesianism 35.   Historical Utilitarianism 36.   Pragmatism 37.   Anti-egalitarianism 38.   Human perfectibility...

Define

33.   Demand-side economics
34.   Keynesianism
35.   Historical Utilitarianism
36.   Pragmatism
37.   Anti-egalitarianism
38.   Human perfectibility
39.   Socialism
40.   Marxism
41.   Intergovernmental organization (IGO)
42.   International law

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Answer #1

1> Demand-side economics = A macroeconomic theory which advocates demand for the output is determined by the demand of that output, thus employment, wage are changed based on demand of output.

2> Keynesianism = They are various macroeconomic theories which suggest in the short run, economic output is strongly influenced by aggregate demand.

3> Historical Utilitarianism = The theory which calls for the maximization of the sum of the individual utilities irrespective of the distribution of the utility.

4> Pragmatism = A philosophical thought which suggests to use the strategy which works based on historical data rather than using economic models and solving equations.

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