Examlex
What would happen to the equilibrium price and quantity of golf club memberships if the price of landscaping and grass maintenance fell, the price of golf clubs fell, more golf courses decided to offer memberships, and health officials announced that playing golf was good for you?
Net Taxes
The total taxes paid by an individual or business minus any government subsidies or refunds received.
Federal Government Spending
Expenditure by the national government on goods, services, and public projects to influence a nation's economy.
Aggregate Demand Curve
A visual diagram that illustrates the connection between the general price level within an economy and the aggregate demand for products and services.
Recessionary Gap
The situation where an economy's actual output is less than its potential output due to economic downturn or recession.
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