Examlex
In the basic Keynesian model,a $1 billion decrease in autonomous consumption leads to ________ in short-run equilibrium output.
Technological Development
The process of researching, inventing, innovating, and diffusing new technologies that shape societies and economies.
Environmental Degradation
The deterioration of the environment through depletion of resources, destruction of ecosystems, and extinction of wildlife.
Social Inequality
A condition where societal resources, opportunities, and privileges are distributed unequally among people in a society.
Living Standards
The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.
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