Examlex
Why is the regression point displacement design so useful in assessing the impact of community interventions?
Aggregate Expenditure Line
A graphical representation of the total planned spending in an economy at various levels of national income.
Price Level
A measure that reflects the average prices of goods and services in an economy at a specific point in time.
Marginal Propensity
The tendency of an individual or household to spend an additional dollar of income on consuming goods and services.
Simple Spending Multiplier
The ratio of a change in output to a change in autonomous spending that caused it, illustrating the impact of fiscal policy on total economic output.
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