Examlex
Which descriptive words can be used to describe how the term mental retardation is generally viewed in our society?
Multiplier
A factor by which an initial change in spending will alter total economic output by more than the initial monetary amount.
Marginal Propensity
A measure of how much an individual's consumption changes when their income changes.
Spending Multiplier
A concept in economics that refers to the ratio of a change in output to the initial change in spending that brought it about, indicating the ripple effect of spending through the economy.
Price Level
An index of the average prices of goods and services in an economy over time, indicating inflation or deflation trends.
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