Consider a Simple Macro Model with a Constant Price Level

question 58

Multiple Choice

Consider a simple macro model with a constant price level and demand- determined output. Using this model, if economists want to estimate the effect of a given change in desired investment on equilibrium national income, they would multiply the change in desired investment by the

• A)marginal propensity to save.
• B)equilibrium level of national income.
• C)reciprocal of the marginal propensity to spend.
• D)simple multiplier.
• E)average propensity to save.

Demonstrate knowledge of synthesis strategies using Grignard reagents to produce alcohols.

Understand the reaction conditions and reagent sequences necessary for specific organic transformations.

Identify starting materials and reagents required for synthesizing specific organic compounds.

Explain the role of nucleophiles and electrophiles in organic reactions.