An Initial Change in the Desired Level of Spending by Firms

question 106

Multiple Choice

An initial change in the desired level of spending by firms, households, or government at a given level of real GDP is a(n) :

• A) autonomous change in aggregate spending.
• B) multiplier-induced change in spending.
• C) endogenous spending.
• D) budget surplus.

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Definitions:

Dionysus

The god of wine, vegetation, festivity, and ecstasy in Greek mythology, associated with wild and ecstatic religious rites.

Initiation

The process or ceremony by which an individual is introduced or admitted into a society, organization, or religion, often involving rituals or tests.

Roman House Plan

The architectural layout characteristic of ancient Roman domestic buildings, often featuring a central courtyard (atrium) surrounded by various rooms.

Caldarium

The hot-bath section of a Roman bathing establishment.