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Harrison wants to use social media in his job search for a professional position. What will likely be his best tool?
Multiplier Value
A factor that quantifies the impact of a change in some economic activity on the rest of the economy.
MPC (Marginal Propensity to Consume)
A measure of the change in consumption resulting from a change in income; specifically, the proportion of additional income that is spent on consumption.
Multiplier
A factor by which an initial change in spending will alter total economic output by a greater amount.
Multiplier Effect
The proportionate increase in final income that results from an injection of spending (initial increase in spending), typically influencing the level of national income and output.
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