Examlex
When architects conceive a building, they usually make
Multiplier Effect
An economic phenomenon where an increase in spending produces an increase in national income and consumption greater than the initial amount spent.
Aggregate Demand
The aggregate market demand for goods and services in an economic environment, valued at a specific price level within a certain timeframe.
MPC
Marginal Propensity to Consume, which is the proportion of any additional income that a consumer spends on goods and services.
Multiplier
An economic factor that quantifies the additional effects of a change in spending on the total economic activity.
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