The multiple by which an initial change in aggregate spending will alter total expenditure after an infinite number of spending cycles is the
A. Multiplier.
B. Velocity of money.
C. Business cycle.
D. GDP gap.
Answer: A
You might also like to view...
A government is running a budget deficit if:
A. government revenue exceeds government spending. B. imports exceed exports. C. exports exceed imports. D. government revenue is less than government spending.
In the steady state, real GDP per worker ________, and real GDP per effective worker ________
A) will grow; will grow B) will grow; is constant C) is constant; will grow D) is constant; is constant
Per pupil spending on education was seven times higher in 2000 than in 1940 after adjusting for inflation
a. True b. False
Figure 4-23
Refer to . In which market will the tax burden be most equally divided between the buyer and the seller?
a.
market (a)
b.
market (b)
c.
market (c)
d.
All of the above are correct.