Consider the Following Information Describing a Closed Economy with No

question 148

Multiple Choice

Consider the following information describing a closed economy with no government.Aggregate output is demand determined and the price level is constant. TABLE 21-6 Refer to Table 21-6.The simple multiplier in this economy is

• A)2.0.
• B)2.5.
• C)3.0.
• D)4.0.
• E)5.0.

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Definitions:

Earth's Seasons

Periods throughout the year characterized by changes in weather, ecology, and hours of daylight, resulting from the earth’s tilt and orbit around the sun.

Earth's Tilt

The angle between Earth's rotational axis and its orbital plane around the Sun, which significantly influences seasonal variations in climate.

Orbit

The path followed by an object revolving around another object or the cavity in the skull in which the eye and its appendages are situated.

Nutrient Cycle

The natural process of recycling nutrients in various chemical forms from the environment to organisms and back to the environment.