The multiplier is the ratio of the change in ________ to a change in ________. Select one: a. the level of saving; the level of consumption b. autonomous consumption; induced consumption c. the MPC; the MPS d. the equilibrium level of output; some autonomous variable
The multiplier is the ratio of the change in ________ to a change in ________. Select one: a. the level of saving; the level of consumption b. autonomous consumption; induced consumption c. the MPC; the MPS d. the equilibrium level of output; some autonomous variable
Chapter9: Aggregate Demand
Section: Chapter Questions
Problem 1.1P
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The multiplier is the ratio of the change in ________ to a change in ________.
Select one:a. the level of saving; the level of consumption
b. autonomous consumption; induced consumption
c. the MPC; the MPS
d. the equilibrium level of output; some autonomous variable
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