Examlex
Governmental tax and social programs that shift wealth or benefits from one segment of the population to another are known as
Multiplier Effect
The relative change in net income resulting from an addition or reduction in expenditure.
Crowding out
A situation in economics where increased government spending displaces private sector spending, either through higher taxes, higher interest rates, or borrowing.
Government Expenditures
The spending by the government sector on goods and services, including public services and public investment.
Multiplier
An economic factor that quantifies the effect of a change in fiscal or monetary policy on the overall economy, such as how an increase in government spending can lead to a larger increase in national income.
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