the multiplier makes the economy less sensitive to changes in autonomous expenditure
a. true
b. false
b. false
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What is the theory of comparative advantage?
What will be an ideal response?
To reduce aggregate demand, the government may reduce _____ or increase _____
Fill in the blank(s) with correct word
Which of the following is a real quantity?
A. The current price of a barrel of oil B. The current wages paid to factory workers C. The number of tons of steel produced in 2005 D. The cost of a new car
Consider the production possibilities frontier in the figure shown. The opportunity cost of cars when moving from point B to point C:
A. there is no opportunity cost when we move from B to C. B. is greater than the opportunity cost of cars when moving between any other two points. C. is greater than the opportunity cost of cars when moving from point A to point B. D. is less than the opportunity cost of cars when moving from point A to point B.