The Expenditure Multiplier Equals

question 56

Multiple Choice

The expenditure multiplier equals

• A)APC - APS where APC is the average propensity to consume and APS is the average propensity to save.
• B)1/(slope of AE curve).
• C)MPC - MPS where MPC is the marginal propensity to consume and MPS is the marginal propensity to save.
• D)1/(1 - slope of AE curve).

---

Definitions:

Blotches Of Sauce

Stains or spots of sauce that have been accidentally spilt or splashed.

Crusted Saucepan

A saucepan with a layer of dried substance on its surface, typically from cooking.

Ducktail Haircut

A hairstyle where hair is combed to the back and sides to resemble the rear end of a duck.

Swiveling Hips

The action of rotating the hips around their axis, often used to describe a type of dance movement.