Examlex
From the Start screen you can ________.
Marginal Propensity
The proportion of an additional increment of income that is spent on consumption. It reflects the change in consumption resulting from a change in income.
Multiplier
A factor by which an initial change in spending will alter total economic output by more than the initial monetary amount.
Marginal Propensity
A measure of how much an individual's consumption changes when their income changes.
Spending Multiplier
A concept in economics that refers to the ratio of a change in output to the initial change in spending that brought it about, indicating the ripple effect of spending through the economy.
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