Examlex
______ suggests that communication with others shapes personal identity.
National Saving
The total amount of savings generated within a country, equal to the sum of private and public savings, often used for investment.
Crowding Out
The phenomenon where increased government spending leads to a reduction in private sector investment or spending due to higher interest rates or competition for resources.
Discretionary Fiscal Policy
It involves government policy changes in taxation and spending designed to influence economic activity, typically to counteract inflation or deflation and stabilize the economy.
Nominal Output
The total value of goods and services produced by an economy, measured in current prices without adjusting for inflation.
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