The multiplier is the ratio of the
A) change in the equilibrium level of real GDP to the change in autonomous expenditures.
B) equilibrium level of real GDP to the change in induced expenditures.
C) change in induced expenditures to the change in autonomous expenditures.
D) change in autonomous expenditures to the change in the equilibrium level of real GDP.
A
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In general, the current stock of pollutants (St) may be modeled as St = Et + (1 - d)St-1 where d is the ________ and Et is the ________
A) social discount rate, previous stock level B) social discount rate, current emissions C) stock dissipation rate, previous stock level D) stock dissipation rate, current emissions
Brokerage houses may differ in the
A. fees they charge. B. services they provide. C. stock exchanges on which they hold seats. D. All of these responses are correct.
In the long-run, a monopoly is most likely to achieve
a. An average rate of return b. Above average profits c. Economic Profits d. Both B&C
The QWERTY story illustrates: a. the commons problem
b. a negative network externality. c. the path dependence to technology. d. the problem of adverse selection. e. a situation of moral hazard.