Examlex
Because of changes in the_________ , the long-run effect of a $10 increase in investment on real GDP equals _________.
Ethical Action
Behavior guided by moral principles, aiming to promote good and avoid harm.
Principle of Utility
A fundamental concept in utilitarian ethics that suggests actions should be judged as right or wrong based on their outcomes, specifically their ability to produce the greatest happiness for the greatest number of people.
Greatest Happiness
A principle that suggests the best action is the one that maximizes happiness or pleasure for the greatest number of people.
Associated Pleasure
The enjoyment or satisfaction derived from a particular activity, object, or association.
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