Examlex
Explain three commonly known price indexes.
U.S. Exports
involve products and services that are produced in the United States and sold to other countries, contributing to the country's GDP.
Aggregate Demand Curve
A graphical representation showing the relationship between the overall price level and the total demand for goods and services in an economy.
Marginal Propensity
The proportion of an additional income that an individual spends on consuming goods and services, rather than saving.
Consumption Function
An economic formula representing the relationship between total consumption and gross national income, suggesting how income influences spending behavior.
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