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.

---

Definitions:

Influence Others

The process of affecting the actions, beliefs, or attitudes of another person or group through persuasion or authority.

Visionary

An individual with a clear, distinctive, and specific future view, combined with the ability to communicate that vision in a way that influences others.

Empowering

The act of giving someone the authority or power to do something, or making someone stronger and more confident, especially in controlling their life and claiming their rights.

Leader Emergence

The process through which an individual becomes recognized as a leader by their peers or within an organization.