Examlex
A $20 billion decrease in investment in a private closed economy that has an MPS of 0.5 will reduce saving by $10 billion once the multiplier process has ended.
Shortage
A situation where demand for a product or service exceeds its supply in a market.
Surplus
The amount by which the quantity supplied of a good exceeds the quantity demanded at a specific price.
Price Ceiling
A legal maximum price set below the equilibrium price, preventing sellers from charging more than this amount.
Price Floor
A government-imposed minimum price set above the equilibrium price, preventing market prices from falling below a certain level.
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