In a Recent Study, the University of Underfunded Argued That

question 62

Multiple Choice

In a recent study, the University of Underfunded argued that it created four times as many jobs as people that it hired directly.This argument illustrates the idea

• A)of the multiplier.
• B)that universities are wasting taxpayers' dollars.
• C)of the tax multiplier.
• D)of government spending.
• E)of the marginal propensity to consume.

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Definitions:

Technology Production

The process of designing, manufacturing, and introducing new technological goods or services.

Equilibrium Price

The cost at which the volume of goods available equals the volume desired by buyers in the market.

Equilibrium Quantity

The quantity of a good or service demanded and supplied at the equilibrium price, where market supply and demand balance each other.

Bushels

A unit of volume used primarily in agriculture to measure quantities of grain, fruit, or other produce.