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Miller claimed that the lower class:
Autonomous Spending
Spending that does not depend on the current level of national income or output, such as investments, government spending, and exports.
Aggregate Expenditure Line
A graphical representation showing the total planned spending on goods and services at different levels of national income.
Spending Multiplier
A factor by which a change in spending translates into a greater change in income and output throughout the economy.
Price Level
The calculated average price across the broad spectrum of goods and services in an economy.
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