Examlex
The preference of a customer for the products of a particular organization is known as:
Aggregate Expenditure Line
A graphical representation that shows the total planned expenditure at various levels of national income.
Simple Spending Multiplier
The ratio of a change in output to a change in autonomous spending that initiated the change, representing how spending circulates through an economy.
Marginal Propensity
The portion of additional income that an individual is likely to spend on goods and services instead of saving.
Price Level
The average of current prices across the entire spectrum of goods and services produced in the economy, which can affect purchasing power and inflation.
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