Examlex
Employees participate in flextime when they do entirely different jobs on a rotating schedule.
Unemployment Insurance
A government program that partially protects workers’ incomes when they become unemployed.
Multiplier
The factor by which an initial change in spending will alter total economic output, usually in the context of fiscal or monetary policy.
MPC
Marginal Propensity to Consume, which is the proportion of additional income that a consumer spends on goods and services as opposed to saving it.
Capital Goods
Long-term assets such as buildings, machinery, and equipment used in the production of goods and services.
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