Examlex
In 1970 Stanier proposed that classification be based on
Multiplier
An economic factor that quantifies the impact of increased spending in the economy, leading to a proportional increase in income and consumption.
Marginal Propensity
The proportion of an additional unit of income that is spent on consumption; a key concept in Keynesian economics related to how income changes affect spending.
Simple Multiplier
The Simple Multiplier is an economic concept that quantifies the impact of a change in investment, government spending, or other economic activity on total output or income.
Aggregate Expenditure
Aggregate expenditure is the total amount of spending in an economy, including consumer spending, investment, government spending, and net exports.
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