Examlex
_____ is a significant reduction in the rate of inflation,while _____ is a reduction in the level of prices.
Consumer Spending
The total expenditures by households on goods and services, excluding new housing, which drives a significant portion of economic activity.
Income
The amount of money received on a regular basis through work or investments.
Multiplier Effect
The relative change in net income resulting from an addition or reduction in expenditure.
Crowding out
A situation in economics where increased government spending displaces private sector spending, either through higher taxes, higher interest rates, or borrowing.
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