Multiple Choice
The loss of jobs as a result of the September 11, 2001, attack in New York
A) affected all sectors of the economy because of the multiplier effect
B) affected only the airline and travel industries
C) had little effect on the national economy
D) was concentrated in New York City
E) explains why job losses are larger within a state than for the nation as a whole
Correct Answer:
Verified
Correct Answer:
Verified
Q5: On the aggregate expenditure graph,if autonomous investment
Q13: If the price level decreases,<br>A)the aggregate expenditures
Q18: The economy will expand if<br>A)leakages exceed injections<br>B)injections
Q38: Which of the following is assumed constant
Q62: On the aggregate expenditure graph,if autonomous saving
Q75: A decrease in the price level will<br>A)shift
Q75: The smaller the marginal propensity to save,other
Q79: Suppose that the multiplier is 4,autonomous investment
Q81: If the marginal propensity to consume equals
Q114: If the simple multiplier is 8,the marginal