The multiplier measures the
A) number of steps it takes to move from one equilibrium to another.
B) rise in saving resulting from a rise in income.
C) marginal propensity to invest.
D) rise in equilibrium GDP resulting from a one dollar rise in planned autonomous expenditures.
Correct Answer:
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Q11: In the simplest Keynesian model of the
Q12: In the simple Keynesian model of the
Q13: Which of the following is a possible
Q14: In the 2000s,low savings rates are attributed
Q15: In the simplest Keynesian model of the
Q17: During the worst of the Great Depression,in
Q18: If total planned spending (E(p))exceeds GDP,we expect
Q19: As used in this text,"autonomous" variables are
A)spontaneous
Q20: From 1950 till 2009 the four-quarter growth
Q21: Figure 3-2
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