Examlex

Solved

Consumption Is Not Necessary for Community, but Neither Is It

question 40

True/False

Consumption is not necessary for community, but neither is it antithetical to it.


Definitions:

Multiplier

The factor by which a change in investment, government spending, or other forms of economic activity is magnified in the overall economy.

Budget Deficits

A financial situation where a government's expenditures exceed its revenue over a specified period, leading to borrowing or debt accumulation.

Recessions

Periods in an economy when business activities reduce, leading to higher unemployment and lower spending and investment.

Inflations

A widespread rise in prices accompanied by a decrease in money's buying power.

Related Questions