Examlex
Changes in which of the following will affect the size of the multiplier?
I. marginal propensity to import
II. marginal propensity to consume
III. marginal income tax rate
Equilibrium
A state in a market or economy where demand equals supply, resulting in stable prices and quantities.
Hired
The process of engaging an individual to perform services or work in exchange for compensation.
Average Wages
The mean income of workers in a specific area or sector, calculated by dividing the total wages paid by the number of employees.
Illegal Immigration
The unauthorized or illegal entry of individuals into a country where they are not natives or do not possess citizenship.
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