Recall Application 2, "Using Long-Term Macro Data to Measure Multipliers

question 181

Multiple Choice

Recall Application 2, "Using Long-Term Macro Data to Measure Multipliers," to answer the following questions:
-According to the application, the multiplier for defense spending during wars was:

• A) greater than one.
• B) less than zero.
• C) greater than 5.
• D) less than one.

---

Definitions:

Rising Cost

An increase in the price or expense of goods, services, or operational activities over time.

Labor Market

A marketplace where employers find workers and workers find jobs. It's the supply of available labor compared to the demand for it.

Fair Labor Standards Act

U.S. law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards.

Heavy Machinery Work

Tasks or jobs that involve operating large machinery often used in construction, manufacturing, or transportation.