Examlex
Which ecological problem might result from fertilizing a golf course with phosphorus-rich fertilizer?
Simple Spending Multiplier
The ratio of a change in output to a change in autonomous spending that initiated the change, representing how spending circulates through an economy.
Marginal Propensity
The portion of additional income that an individual is likely to spend on goods and services instead of saving.
Price Level
The average of current prices across the entire spectrum of goods and services produced in the economy, which can affect purchasing power and inflation.
Aggregate Expenditure Line
A graphical representation of the total spending in an economy, including consumption, investment, government, and net exports, at various levels of income.
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