Examlex
In the classical model there is complete crowding out when government spending increases,but in the short-run macro model there is only partial crowding out.
Immigration
The process of permanently relocating to a country that is not one's native homeland.
Productivity Growth
The rate at which a company or economy can produce more goods and services with the same amount of labor, capital, energy, and materials, often seen as a key driver of economic growth.
Savings Rate
The proportion of disposable income that is saved by households rather than spent on goods or services.
Mass Production
The manufacture of large quantities of standardized products, often utilizing assembly lines or automated technology.
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