Examlex
One way that the federal government assisted in the construction of railroads and canals was by
Crowding Out
The phenomenon where increased government borrowing leads to higher interest rates, reducing private investment and spending in the economy.
Real GDP
The measure of a country's gross domestic product adjusted for inflation, reflecting the real value of goods and services produced.
Marginal Propensity
The ratio of change in consumption to the change in income, indicating how much of additional income will be spent or saved.
Discretionary Expansionary
Refers to fiscal or monetary policy actions initiated by a government or central bank to stimulate economic growth.
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