The ratio of the change in the equilibrium level of output to a disequilibrium between injections and withdrawals is the:
A) multiplier
B) elasticity coefficient
C) marginal propensity to consume
D) marginal propensity to withdraw
Correct Answer:
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Q1: The portion of unemployment that is due
Q2: If an increase in the level of
Q4: The fraction of a change in income
Q5: Which of the following is NOT a
Q6: The MPW is:
A) the ratio of income
Q7: When the aggregate expenditure curve is above
Q8: If an economy's MPC is 0.7, then
Q9: Which of the following is NOT a
Q10: Structural unemployment is the:
A) unemployment that results
Q11: If an economy's MPC is 0.8, then
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