Suppose the Multiplier Is 4

question 49

Multiple Choice

Suppose the multiplier is 4.Ceteris paribus,a change in autonomous spending will change Real GDP more if the aggregate supply curve is __________ than if it is __________.

• A) horizontal; upward sloping
• B) upward sloping; horizontal
• C) upward sloping; downward sloping
• D) downward sloping; upward sloping
• E) There is not enough information to answer the question.

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Definitions:

Superseniority

A privilege given to union officials that provides them higher priority over other workers in matters of layoffs and recalls, ensuring their positions are more secure.

Union Stewards

Representatives elected by union members to enforce the terms of labor contracts and address grievances.

Investigate Grievances

The process of examining complaints or concerns raised by employees or unions regarding workplace conditions or violations of agreements.

Union Security Clauses

Provisions in a labor contract that require employees to join, maintain membership in, or pay dues to a union as a condition of employment.