The ratio of the change in GDP to an initial change in aggregate spending is the:
a. spending multiplier.
b. permanent income rate.
c. marginal expenditure rate.
d. marginal propensity to consume.
a
Economics
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Refer to Table 9-17. Looking at the table above, real average hourly earnings in 2015 were
A) $3.67. B) $5.63. C) $10.24. D) $11.37.
Economics
In which industry structure is advertising and sales promotion likely to be most important?
A) perfect competition B) monopoly C) monopolistic competition D) All of the above are equally reliant on effective advertising and promotion.
Economics
Which of the following is a desirable property of money?
a. Scarcity. b. Portability. c. Divisibility. d. All of these.
Economics
The circular flow model shows how households and firms compete with each other
Indicate whether the statement is true or false
Economics