Examlex
If quantity supplied exceeds quantity demanded, there is a tendency for:
MPC
The marginal propensity to consume, which measures the proportion of additional income that a consumer spends on goods and services instead of saving.
Aggregate Demand
The total demand for all goods and services in an economy at different price levels, during a specific time period, including consumption, investment, government spending, and net exports.
Employment Act
A piece of legislation aimed at promoting high employment levels, economic growth, and stable prices within an economy.
Monetary Policy
The process by which the central bank, or monetary authority of a country, controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.
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