Examlex
Which of the following was NOT an effect of the studios' decline in the 1960s?
Private Spending
Private Spending is the total expenditures by individuals and businesses in an economy, excluding government spending and investment.
Transfer Payments
Payments made by the government to individuals or organizations without requiring any goods or services in return, such as welfare checks or social security.
Business Cycle
The fluctuations in economic activity that an economy experiences over a period, typically characterized by expansion (growth) and contraction (recession) phases.
MPC
The marginal propensity to consume, which represents the portion of additional income that a household spends on consumption instead of saving.
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