Multiple Choice
The multiplier is the ratio of the
A) equilibrium level of real GDP to the change in induced expenditures.
B) change in induced expenditures to the change in autonomous expenditures.
C) change in real GDP to the change in autonomous expenditures.
D) change in autonomous expenditures to the change in real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
Q32: List the components of aggregate expenditure and
Q172: The Keynesian model of aggregate expenditure assumes
Q173: In a diagram with the_ consumption function,
Q175: In the Keynesian model of aggregate expenditure,
Q176: When disposable income increases from $7 trillion
Q178: The slope of the consumption function is<br>A)
Q179: <span class="ql-formula" data-value="\begin{array} { | l |
Q182: Which of the following statements is FALSE?<br>A)
Q225: What is the marginal propensity to consume?
Q281: In the short run, the multiplier typically