Assume the Saving Schedule for a Private Closed Economy Is

question 84

Multiple Choice

Assume the saving schedule for a private closed economy is S = -20 + 0.2Y, where S is saving and Y is gross domestic product.The multiplier for this economy:

• A)is 3.
• B)is 4.
• C)is 5.
• D)cannot be determined from the information given.

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Definitions:

Fats

Nutrient-rich substances composed mainly of fatty acids and glycerol, important for energy storage, cell structure, and absorption of vitamins.

Secretes Acid

Refers to the process by which certain cells or glands in the body produce and release acid, such as the gastric glands in the stomach that secrete hydrochloric acid for digestion.

Digestive System

A group of organs responsible for the breakdown and absorption of food, and the elimination of waste.

Stomach

An organ of the digestive system responsible for breaking down food through mechanical movements and gastric acid secretion.