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

question 143

Multiple Choice

Suppose the price level is constant,output is demand-determined,and the economy is closed with no government.If the consumption function is C = (2/3) Y,then the simple multiplier is

• A)2/3.
• B)1.
• C)2.
• D)3.
• E)Insufficient information to know.

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Definitions:

Giorgio Agamben

An Italian philosopher known for his work on the concept of the state of exception, bio-politics, and the relationship between law, politics, and life.

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A French philosopher and social theorist known for his influence on a wide range of disciplines including sociology, history, and critical theory, particularly for his work on power, knowledge, and discourse.

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