Art Buchwald's article in the Last Word section of the chapter, "Squaring the Economic Circle," is a humorous description of:
A) The multiplier effect
B) A recessionary gap
C) An inflationary gap
D) The marginal propensity to save

Question

Quizplus · Accepted Answer

Art Buchwald's article humorously describes the multiplier effect, which is the economic concept where an initial increase in spending leads to a larger increase in overall economic activity.

Art Buchwald's Article in the Last Word Section of the Chapter