Examlex
Optic nerve fibers cross over in the thalamus.
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.
Multiplier
In economics, a factor by which a change in one economic variable, such as spending, leads to a greater change in another variable, such as GDP.
Nondiscretionary Fiscal Policy
involves automatic stabilizers that adjust government spending and taxes without the need for new legislation, helping to moderate the business cycle.
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