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Multiplier
In economics, a factor by which a change in spending will be magnified in the overall economy, affecting output and income levels.
MPC
Marginal Propensity to Consume, which measures the proportion of additional income that an individual spends on consumption.
Aggregate Demand
The complete appetite for goods and services in an economy, marked by an overarching price level throughout a specified duration.
Real GDP
The measure of a country's economic output (Gross Domestic Product) adjusted for price changes, such as inflation or deflation, to reflect the real value of goods and services produced.
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