Examlex
How can order effects be measured and evaluated?
MPC
Marginal Propensity to Consume, a metric in economics that measures the proportion of income changes that is spent on consumption.
Crowding Out
A decrease in investment that results from government borrowing.
Accelerator Effects
The phenomenon where an increase in national income leads to a proportionally larger increase in investment spending, magnifying the initial rise in income.
Automatic Stabilizer
Economic policies and programs, such as unemployment insurance and taxation, that automatically adjust to counteract economic fluctuations without the need for government intervention.
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