Examlex
What is the status of affirmative action in college admissions after the Supreme Court decisions in the two Michigan cases, one involving the University of Michigan undergraduate program and one the law school?
Government Expenditures
The total amount of money that a government spends on public services, infrastructure, defense, and welfare programs.
Business Cycle
The fluctuations in economic activity that an economy experiences over a period of time, characterized by periods of boom and recession.
Marginal Propensity
Marginal propensity, in economics, refers to the fraction of an increase in income that is spent on consumption. It represents the change in consumption resulting from a change in income.
Government Spending
This refers to the total expenditure by government agencies on goods, services, and public works.
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