Examlex
What behavior has an astonishing range of damaging health effects,including causing cancer of the lungs,mouth,throat,esophagus,larynx,bladder,kidney,cervix,pancreas,and stomach? It causes cardiovascular disease and leads to heart attacks.It also causes strokes and causes vision,hearing,taste,and smell to decline more quickly.
Multiplier
Any change in spending (C, I, or G) will set off a chain reaction leading to a multiplied change in GDP. Equation is 1/(1 - MPC).
Federal Budget Deficit
A situation where the government's expenditures exceed its revenues over a specific fiscal period.
Real Interest Rates
The interest rate adjusted for inflation, representing the true cost of borrowing and the real yield to investors.
National Debt
The total amount of money that a country's government has borrowed, typically from external or internal sources, to fund its operations and initiatives.
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