Examlex
Which of the following is an example of a tertiary circular reaction?
Saving
The portion of income not spent on current consumption but set aside for future use.
Fiscal Policy
Policies by the government involving taxes and expenditure to impact the economic situation.
Great Depression
A severe worldwide economic downturn that took place during the 1930s, characterized by significant declines in industrial production, massive unemployment, and deflation.
Aggregate Demand
The total consumption needs for goods and services within an economy, considering the current price level throughout a certain period.
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