Examlex
Which represents one of the major reasons that intelligence is a difficult concept to define?
MPC
Stands for Marginal Propensity to Consume, which measures the portion of additional income that an individual spends on consumption.
Multiplier Value
A factor that quantifies the impact of a change in some economic activity on the rest of the economy.
MPC (Marginal Propensity to Consume)
A measure of the change in consumption resulting from a change in income; specifically, the proportion of additional income that is spent on consumption.
Multiplier
A factor by which an initial change in spending will alter total economic output by a greater amount.
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