Examlex
Which of these refers to the degree to which people accept inequality in power among institutions, organizations, and people?
Recessionary Gap
A situation where the real Gross Domestic Product (GDP) is lower than the potential GDP, indicating underutilization of resources.
Multiplier
In economics, a factor by which an initial change in spending leads to a greater change in income and overall economic activity.
National Debt
The total amount of money that a country's government has borrowed, typically through issuing securities.
Fiscal Policy
Government policies related to taxation and spending that aim to influence economic conditions.
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