The Suffix -Gram Means

question 207

Multiple Choice

The suffix -gram means:

• A)a record or picture.
• B)an instrument used to examine.
• C)examine with an instrument.
• D)process of recording.

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Definitions:

MPC

Marginal Propensity to Consume, which is the proportion of any additional income that a consumer spends on goods and services.

Multiplier

An economic factor that quantifies the additional effects of a change in spending on the total economic activity.

Stabilization Policy

Government strategies aimed at reducing the amplitude of economic cycles in order to stabilize the economy, often involving fiscal or monetary policy adjustments.

Government Expenditures

Spending by government agencies on goods, services, and public projects.