In the Long Run, the Multiplier

question 7

Multiple Choice

In the long run, the multiplier

• A) is twice the short- run multiplier.
• B) is greater than 1 because of the position and slope of the SAS curve.
• C) is 0.
• D) depends on the slope of the AD curve.

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Definitions:

Cold Canvass Prospecting

The technique of approaching potential customers without prior contact or appointment; often used to generate new leads.

Prospect

A potential customer or client who has been identified as someone who might be interested in a company's product or service.

Competing Products

Products that are in direct competition with each other, usually within the same market category, offering similar features or benefits.