The Ratio of the Change in the Equilibrium Level of Output

question 355

Multiple Choice

The ratio of the change in the equilibrium level of output to a change in some autonomous variable is the

• A) elasticity coefficient.
• B) multiplier.
• C) automatic stabilizer.
• D) marginal propensity of the autonomous variable.

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Definitions:

Indirect Competitors

Companies that offer slightly different products or services but compete for the same customer dollars due to overlapping needs or desires.

Competition Section

A segment within a business plan or report that analyzes the competitive landscape, detailing the strengths and weaknesses of competitors within the market.

Larger Market Share

The portion of a market controlled by a particular company or product, with a larger extent signifying dominance or a significant competitive advantage.

Diversification

A risk management strategy that mixes a wide variety of investments within a portfolio.