Examlex
A good ammeter has ________ resistance and a good voltmeter has ________ resistance. "Good" means that it affects the system being measured by very little.
MPC (Marginal Propensity to Consume)
A measure of the change in consumption resulting from a change in income; specifically, the proportion of additional income that is spent on consumption.
Multiplier
A factor by which an initial change in spending will alter total economic output by a greater amount.
Multiplier Effect
The proportionate increase in final income that results from an injection of spending (initial increase in spending), typically influencing the level of national income and output.
Government Builds
Refer to initiatives or infrastructure projects undertaken by a government to develop or enhance the country's physical assets and services.
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