Examlex
Discuss the evolution of the federal bureaucracy from the spoils system through the creation of the civil service system.
Aggregate Demand
The aggregate market demand for goods and services in an economic environment, valued at a specific price level within a certain timeframe.
MPC
Marginal Propensity to Consume, which is the proportion of any additional income that a consumer spends on goods and services.
Multiplier
An economic factor that quantifies the additional effects of a change in spending on the total economic activity.
Stabilization Policy
Government strategies aimed at reducing the amplitude of economic cycles in order to stabilize the economy, often involving fiscal or monetary policy adjustments.
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