An increase in investment can lead to a greater increase in aggregate demand if the value of the spending multiplier is _____

Fill in the blank(s) with the appropriate word(s).


greater than 1.

Economics

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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 

A. D; C B. B; C C. B; A D. D; B

Economics

Productivity is a measure of:

A. quantity of output per worker. B. how hard individuals work, not how much they produce. C. the amount of human capital workers obtain through training and experience. D. the amount of capital per worker.

Economics

To derive the demand curve for good X, all the following are constant EXCEPT

A. tastes and preferences. B. the price of good Y. C. income. D. the price of good X.

Economics

Suppose there is some unemployment in the economy and society decides that it wants more of one good. Which of the following statements is true?

A) It is not possible to achieve this unless technology advances. B) It can increase output without giving up another good by employing more resources. C) It will have to increase resource supplies. D) It will have to give up production and consumption of some other good.

Economics