Examlex
Explain how a database management system processes a database.
Simple Spending Multiplier
The ratio of a change in output to a change in autonomous spending that caused it, illustrating the impact of fiscal policy on total economic output.
Simple Spending Multiplier
A formula used in economics to determine the impact of a change in autonomous spending on the aggregate output, highlighting the amplification of initial spending through the economy.
Marginal Propensity
The ratio of change in an economic variable (such as consumption or saving) in response to a change in another (such as income), indicating the responsiveness of the variable.
Price Level
The average of current prices across the entire spectrum of goods and services produced in the economy, often used to measure inflation.
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