Examlex
A great example of a first-of-series prototype would be constructing a full scale model of a new type of car to be used for testing in a wind tunnel.
Crowding-out
A situation where increased public sector spending leads to a reduction in private sector spending.
Accelerator Effect
Refers to the phenomenon where an increase in national income results in a proportionally larger increase in investment spending due to expected higher demand for products.
Aggregate Demand
The sum of all demands for products and services in an economy, set at a particular price level and time period.
Aggregate Demand
Unified demand for all forms of goods and services in an economic landscape at a determined general price level throughout a certain time period.
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