Examlex
Which structure is the MOST complex?
Multiplier Effect
The phenomenon where an initial change in spending leads to a greater overall change in income and output in the economy.
Business Activity
Collective commercial, industrial, or professional operations within an economy, indicative of its overall economic health.
MPC
Marginal Propensity to Consume, a measure in economics that indicates the proportion of additional income that a household is likely to spend on consumption rather than saving.
Full Employment GDP
Refers to the maximum level of output that an economy can produce without causing inflation, when unemployment is at its natural rate.
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