Examlex
What is the culturally different perspective as held by psychologists and anthropologists?
Multiplier Effect
The phenomenon where an initial increase in spending leads to a larger increase in income and consumption within the economy.
Net Exports
The value of a country's total exports minus its total imports, representing the net trade balance.
MPC
The Marginal Propensity to Consume, representing the proportion of any additional income that a consumer spends on goods and services, as opposed to saving it.
Crowding Out
The phenomenon where increased government spending leads to a reduction in private sector investment, due to higher interest rates or the consumption of financial resources.
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