Examlex
Discuss bystander nonintervention and what factors influence intervention.
MPC (Marginal Propensity to Consume)
The proportion of an increase in income that is spent on consumption rather than being saved.
Government Purchases Multiplier
The ratio of change in aggregate economic output to a change in government spending, used to analyze the effect of fiscal policy on the economy.
Aggregate Demand
Total economic need for all goods and services within an economy, pegged at a designated price level during a chosen period.
Government Expenditures
The total amount of money spent by the government in a fiscal period, including spending on goods, services, and public projects.
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