Consider a Simple Macro Model with a Constant Price Level

question 21

Multiple Choice

Consider a simple macro model with a constant price level and demand-determined output.If the marginal propensity to spend in such a model is 0.6,the simple multiplier is

• A)0.
• B)0.6.
• C)1.67.
• D)2.5.
• E)6.0.

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Definitions:

Workforce Organization

The structured arrangement and management of employees within a company, including their roles, responsibilities, and hierarchies.

Union Demands

Requests or requirements put forward by a labor union during negotiations with employers on behalf of its members.

Conciliation/Mediation

A process where a neutral third party assists disputing parties to reach a mutual agreement and resolve their conflict outside of court.

Third Party

An individual or entity that is not directly involved in a transaction or agreement but may be affected by it or have an interest in its outcome.