Consider a Simple Macro Model with Demand- Determined Output

question 70

Multiple Choice

Consider a simple macro model with demand- determined output. In such a model, the smaller the marginal propensity to spend, the

• A)smaller the MPS.
• B)larger is investment.
• C)larger the MPC.
• D)smaller the simple multiplier.
• E)larger the simple multiplier.

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Definitions:

Data Mining

The practice of analyzing large sets of data to discover patterns, trends, and useful information.

Predictive Analysis

Using data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data.

Information Extraction

The process of automatically obtaining structured information from unstructured or semi-structured digital documents.

Purchasing Patterns

The behavior and habits of consumers when buying goods and services.