Suppose the Price Level Is Constant,output Is Demand-Determined,and the Economy

question 89

Multiple Choice

Suppose the price level is constant,output is demand-determined,and the economy is closed with no government.If the marginal propensity to spend is 0.7,the simple multiplier is

• A)0.33.
• B)0.70.
• C)1.00.
• D)1.42.
• E)3.33.

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Definitions:

Detractors

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Adlerian Therapy

A psychological approach developed by Alfred Adler, focusing on creating feelings of self-worth and belonging by understanding the individual's lifestyle and social interests.

Adlerian Theory

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Ideal Individual

A concept often discussed in self-help and psychological theory that represents an optimal state of personal development and moral qualities.