Examlex
Choose the one most appropriate answer for each.
-carpel
Aggregate Demand
The total demand for all goods and services within an economy at various price levels, in a given time period.
Automatic Stabilizer
Economic policies and programs, such as unemployment benefits and taxation, that automatically adjust to counteract economic fluctuations without direct intervention by policymakers.
Crowding-out
A situation where increased public sector spending leads to a reduction in private sector spending.
Accelerator Effect
Refers to the phenomenon where an increase in national income results in a proportionally larger increase in investment spending due to expected higher demand for products.
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