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How can price be best determined?
Economic Contraction
A decline in national output as measured by GDP, often leading to higher unemployment and lower spending.
Multiplier Size
The ratio of change in the economic output to the initial change in spending or investment that brought it about, indicating the scale of impact on the economy.
Government Purchases
Expenditures on goods and services by government at all levels, excluding transfer payments.
Total Output
The total value of all goods and services produced in an economy during a specific time period.
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