Examlex
Jan,Randy,and Terry are science majors,and when they graduate from college,they find jobs as a nurse,a midwife,and a hospital administrator,respectively.These new positions are examples of
Multiplier Effect
The relative rise in total income resulting from an additional expenditure.
Chain Reaction
A sequence of reactions where a reactive product or by-product causes additional reactions to take place.
Recessionary Gap
The gap that occurs when an economy's actual output is less than its potential output, indicating underutilized resources.
Federal Budget
A financial statement of the government's estimated revenue and expenditure for a specific fiscal year.
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