American Recovery and Reinvestment Act of 2009 A summary of the 2009 U.S. economic stimulus law: aims, main components, legislative history, implementation and its legacy in addressing the Great Recession.
Balanced budget amendment (United States) Balanced budget amendment A proposed constitutional rule requiring that the federal government not spend more than its revenues in a year; proposals vary on exceptions, enforcement, and effects on fiscal po…
Marginal propensity to consume (MPC) Marginal propensity to consume The marginal propensity to consume (MPC) is the fraction of an additional unit of disposable income that households spend on consumption rather than save, shaping fiscal multiplier…
