Examlex
In the basic Keynesian model where the marginal propensity to consume is 0.5,taxes must be ________,to close an expansionary gap resulting from a $1 billion increase in autonomous consumption.
Moderation
The action of reducing extremes or excesses; maintaining balance or avoiding any form of extremism.
Individual
Referring to a single person or thing, distinct from a group or aggregate.
Golden Mean
In Aristotelian ethics, the desirable middle between two extremes, one of excess and the other of deficiency, representing balance and moral virtue.
Practical Wisdom
The ability to make sound judgments and decisions based on experience and understanding, particularly in everyday matters.
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