Examlex
Valuing fact-based and emotion-free decisions and actions is defined as ___________.
Tax Reform Act
Legislation enacted to amend the tax code, often aimed at simplifying the taxation process, adjusting rates, or eliminating tax loopholes.
Federal Budget Deficit
The financial situation in which the federal government's expenditures exceed its revenues, leading to borrowing and debt accumulation.
Multiplier
An economic factor that quantifies the effect of investment, government spending, or other economic activities on the overall economy, often leading to a magnified impact.
Marginal Propensity To Save
The fraction of an increase in income that is saved rather than spent on consumption.
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