The expenditure multiplier concept of the aggregate-expenditures model ________.
A. explains movement up or down the aggregate demand curve
B. magnifies the shifts of the aggregate demand curve
C. is not at all relevant in the AD/AS model
D. reverses the shift of the aggregate demand curve
Answer: B
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The items held constant in the study of economic theory is known as the determinants of demand and the determinants of supply
a. True b. False Indicate whether the statement is true or false
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