Examlex
Which of the following is a major function of magnesium?
Corporate Profits
The surplus income of corporations after all expenses have been met, indicative of corporate health.
Inflationary Gap
Occurs when equilibrium GDP is greater than full-employment GDP.
Equilibrium GDP
The level of Gross Domestic Product where aggregate supply equals aggregate demand, indicating a stable economy with no tendency for change in the price level or output.
Multiplier
Any change in spending (C, I, or G) will set off a chain reaction leading to a multiplied change in GDP. Equation is 1/(1 - MPC).
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