Instead of Using a Longer,somewhat Vague Word Such as Substantial,it

question 138

True/False

Instead of using a longer,somewhat vague word such as substantial,it is better to use a shorter,more specific word such as large.

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Definitions:

Price Level

An index that measures the average of prices for goods and services in an economy over a period of time.

Aggregate Expenditure Line

A graphical representation of the total planned spending in an economy at various levels of national income.

Price Level

A measure that reflects the average prices of goods and services in an economy at a specific point in time.

Marginal Propensity

The tendency of an individual or household to spend an additional dollar of income on consuming goods and services.