Examlex
What are the advantages and disadvantages of large bargaining mixes?
Aggregate Demand
The cumulative demand for every service and product in an economic system, measured at an overall given price level for a specific time frame.
Marginal Propensity to Consume
The proportion of an increase in income that an individual or population spends on goods and services as opposed to saving.
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.
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