Examlex
________ is the process through which individuals learn behavior by observing the behavior of others and the consequences of such behavior.
Fiscal Policy
Government policies related to taxation and spending aimed at influencing the economy.
MPC
Marginal Propensity to Consume, a metric in economics that measures the proportion of income changes that is spent on consumption.
Crowding Out
A decrease in investment that results from government borrowing.
Accelerator Effects
The phenomenon where an increase in national income leads to a proportionally larger increase in investment spending, magnifying the initial rise in income.
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