Examlex
In general,the marginal propensity to spend is the change in total desired expenditure induced by a change in ________ whereas the marginal propensity to consume is the change in desired consumption expenditure induced by a change in ________.In the case of the simplest macro model with no government and no international trade,however,the marginal propensity to spend is ________ the marginal propensity to consume.
Discriminatory Wage Gap
The difference in wages earned by workers not based on skills or job type but on arbitrary factors like race, gender, or ethnicity.
Profit Motive
The incentive that drives individuals and businesses to improve their material well-being by seeking financial gains.
Discrimination Effect
The impact on consumer choice and market outcomes when products are differentiated, often based on perceived quality or branding, leading to variations in pricing.
Discrimination
Discrimination refers to unjust or prejudicial treatment of different categories of people, especially based on race, age, or sex.
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