In the AS/AD Model, the Repercussion That a Change in Aggregate

question 80

Multiple Choice

In the AS/AD model, the repercussion that a change in aggregate quantity demanded has on production and subsequently on income and expenditures is called the:

• A)accelerator effect.
• B)expenditure effect.
• C)multiplier effect.
• D)money wealth effect.

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Definitions:

Peer Pressure

The influence exerted by a peer group in encouraging a person to change their attitudes, values, or behaviors in order to conform to group norms.

Endorsed by Employees

Refers to actions or viewpoints that are supported and approved by a majority of staff within a workplace.

Challenging for Employees

Describes tasks or roles that require significant effort, skill, or perseverance, often leading to personal and professional growth.

Related to Rewards

Pertains to the connection between actions or performances and the positive outcomes or incentives provided in return.