Examlex
Are connotations an important consideration when we choose our words?
Permanent Tax
A concept in fiscal policy describing taxes that are intended to be implemented indefinitely or without a predetermined end date.
Aggregate Demand
The total market demand for goods and services within an economy at a fixed price level over a certain time period.
Crowding-Out Effect
The offset in aggregate demand that results when expansionary fiscal policy raises the interest rate and thereby reduces investment spending.
Government Spending
The total amount of money that a government expends on public services, social welfare programs, infrastructure, and defense, among other areas.
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