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Metal pipes, used to carry water, sometimes burst in the winter because:
MPC (Marginal Propensity To Consume)
The proportion of additional income that an individual consumes rather than saving.
MPC (Marginal Propensity To Consume)
The ratio of the change in consumption to the change in income, indicating how income changes affect spending.
Multiplier
An economic factor that quantifies the effect of investment on income, showing how much economic activity is generated by a given increase in spending.
Budget Act
Legislation that governs the budgetary process of a government, setting forth the procedures for proposing, reviewing, and implementing a budget.
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