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5 Cards in this Set
- Front
- Back
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Front (Term) Aggregate Productive |
Back (Definition) The total amount of final goods & services produced in every industry in an economy |
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Front (Term) Aggregate Expenditures |
Back (Definition) Total amount of spending on final goods & svc in the economy |
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Front (Term) Autonomous expenditures |
Back (Definition) Expenditures that do not systematically vary income |
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Change in a |
1/1-mpc |
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Change in taxes |
-mpc/ 1-mpc |
