Examlex
____________________ is the use of the String table to change text based on the user's preferred language.
Spending Multiplier
A concept in Keynesian economics that quantifies the effect of an increase in autonomous spending on the total economic output.
Potential Output
The highest level of economic output that can be sustained over the long term without increasing inflation.
MPC
Marginal Propensity to Consume, which indicates the fraction of additional income that a household is likely to spend on consumption.
Contractionary Fiscal Policy
Economic measures employed by a government to reduce its expenditures or increase taxes with the aim of slowing down an overheated economy.
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