Consider the Simplest Macro Model with Demand-Determined Output

question 52

Multiple Choice

Consider the simplest macro model with demand-determined output.Other things being equal,the ________ the value of the simple multiplier,the ________ stable is real GDP in response to shocks to autonomous spending.

• A)larger; more
• B)larger; less
• C)smaller; more
• D)smaller; less
• E)both B and C are correct

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Definitions:

Adler

Alfred Adler, an Austrian physician and psychotherapist, established the school of individual psychology, focusing on the significance of inferiority feelings and the creative self.

Perfection

The state or condition of being free from any flaws or defects, often considered as an unattainable ideal in various contexts.

Prime Motive

The main or primary reason that drives an individual to act or behave in a certain way.

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Measures and protocols designed to protect people, property, or information from harm or unauthorized access.