Examlex
The behavioural science that underlies communication and inter-group behaviour is known as
Recession
A span of transitory economic worsening, seen in lessened trade and industrial efforts, often marked by a fall in GDP for two straight quarters.
MPC
The marginal propensity to consume, which is the proportion of additional income that a consumer spends on goods and services rather than saving it.
Multiplier
In economics, a factor by which a change in spending results in a greater change in national income.
Fiscal Policy
Policies established by the government regarding taxes and expenditures designed to affect the economic environment.
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