Examlex
In response to a stressful work deadline,Jonas' heart rate increased and blood raced to his skeletal muscles.These physical reactions best characterize the ________ phase of the ________.
Price Level
A measure of the average prices of goods and services in an economy at a given time.
Multiplier
The factor by which changes in spending will affect the aggregate income level of an economy; often used in the context of the Keynesian economic multiplier effect.
Crowding-Out
A concept where increased government spending leads to reduced investment in the private sector, often due to higher interest rates.
Investment-Accelerator Effects
The phenomenon where an increase in national income or output leads to a disproportionately larger increase in investment expenditure.
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