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:

Fixed Number

A constant value that does not change during the execution of a program, often used in mathematical calculations and algorithms.

Vector

A dynamic array that can grow or shrink in size in programming languages like Java.

Int[]

Denotes an array of integers in programming, which is a data structure capable of storing multiple integer values in a single variable.

Array

A collection of elements, typically of the same type, stored in contiguous memory locations and accessible via indexing.