Examlex
An unknown patient blood sample has the following results: WBC count = 5 x 109/L with 70% lymphocytes.What term describes this condition? Name a disease in which this is seen.
Autonomous Investment
Investment in an economy that does not depend on the current level of income or production, often driven by innovation or governmental policy.
Aggregate Expenditure
The total amount of spending in the economy that includes consumption, investment, government purchases, and net exports.
Simple Spending Multiplier
The ratio of a change in real GDP demanded to the initial change in spending that brought it about; the numerical value of the simple spending multiplier is 1/(1 + MPC); called “simple” because only consumption varies with income.
Marginal Propensity
Describes the portion of additional income that an individual is willing to spend on consumption rather than saving.
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