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What is the multiplier effect, that is, why does income change by a multiple of the initial change in autonomous aggregate expenditures?
Concise Language
The use of fewer words to express an idea, ensuring clarity and brevity in communication without sacrificing meaning.
Seaquake
An underwater earthquake that occurs beneath the sea floor and can cause significant disturbances in the ocean.
Oilskin Boots
Footwear made from waterproofed fabric, particularly treated with oil for rain protection, commonly used in outdoor activities.
Arthur Conan Doyle
A British writer renowned for his detective fiction featuring the character Sherlock Holmes.
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