Multiple Choice
Suppose the price level is constant, output is demand- determined, and the economy is closed with no government. If the saving function is S = - 100 + (0.4) Y, the simple multiplier is
A) 0.2.
B) 1.
C) 2.5.
D) 5.
E) - insufficient information to know.
Correct Answer:
Verified
Correct Answer:
Verified
Q87: If a family's annual disposable income rose
Q88: In the simple macroeconomic model, "autonomous expenditures"
Q89: Suppose aggregate output is demand- determined. The
Q90: If the Jones family's disposable income increases
Q91: In a simple macro model with no
Q92: Undesired or unplanned inventory decumulation is likely
Q93: Suppose aggregate output is demand- determined. If
Q94: If national income is demand- determined, the
Q95: Suppose the price level is constant, output
Q96: Undesired or unplanned inventory accumulation is likely