Examlex
____________ is a process by which a convicted inmate is released from prison before serving the full length of their sentence.
Tax Multipliers
Measures the impact of changes in taxes on the overall economic output, indicating how tax changes affect GDP.
Spending Multipliers
Describe the effect of a change in spending (typically by the government) on the total economic output, indicating how initial spending leads to increased levels of income and consumption.
Permanent Income
A theory suggesting that people's consumption choices are more influenced by their expected long-term average income rather than by their current income.
Consumption Spending
Expenditures by individuals and households on goods and services for personal use.
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