Examlex
Phenol is the name commonly assigned to:
GDP
Gross Domestic Product, the total value of all goods and services produced within a country's borders in a specific period of time.
Government Borrowing
The process by which governments finance their expenditures by borrowing money, typically through issuing bonds.
Crowding-Out Effect
A situation where increased government spending leads to reduced investment by the private sector due to higher interest rates or other mechanisms.
Multiplier
The multiplier, in macroeconomics, quantifies how initial changes in spending lead to larger changes in income and output through various rounds of spending.
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