(Last Word) Art Buchwald's article "Squaring the Economic Circle" is a humorous description of
A) a negative GDP gap.
B) a positive GDP gap.
C) the marginal propensity to save.
D) the multiplier.

Question

Quizplus · Accepted Answer

Art Buchwald's article humorously describes the concept of the multiplier, which refers to the effect of increased spending leading to an increase in national income and consumption greater than the initial amount spent.

(Last Word) Art Buchwald's Article "Squaring the Economic Circle" Is