Examlex
After a forested area such as a national forest is clear-cut, what type of succession occurs?
Interest-Rate Effect
The interest-rate effect describes how changes in the central bank's interest rate influence the level of overall spending in the economy by affecting borrowing costs.
Price Level
A measure of the average of current prices across the entire spectrum of goods and services produced in the economy.
Money Demand
The desire to hold cash or cash-equivalents and the quantity of money that individuals or businesses want to hold.
Government Expenditures
The total amount of money that a government spends on public services, infrastructure, defense, and welfare programs.
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