Examlex
If a country produces only two goods,it is possible to have an absolute advantage in the production of both those goods.
Spending Multiplier
The ratio of the change in total income to the initial change in spending that brought it about, illustrating how initial spending leads to further spending in the economy.
Expansionary Monetary Policy
A form of monetary policy where the central bank increases the money supply to stimulate economic activity, typically by lowering interest rates.
Aggregate Investment
The total amount of investment in goods and services within an economy over a specific period, including investments in business capital and residential construction.
Demand for Money
The desire to hold cash or easily liquidated financial instruments for transactions, precautionary, or speculative motives.
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