In the Keynesian Model

question 31

Multiple Choice

In the Keynesian model,

• A)the autonomous expenditure multiplier is lower than the tax multiplier.
• B)the autonomous tax multiplier is positive and large.
• C)the autonomous tax multiplier is larger (in absolute value)than the tax multiplier.
• D)the tax multiplier is equal to 1.
• E)none of the above.

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Definitions:

Class Structure

The organization of society into hierarchical layers based on socioeconomic status, wealth, occupation, or other social distinctions.

Economy

A framework for creating, distributing, and consuming goods and services in a community.

Intellectual

An individual engaged in critical thinking and the study or exploration of ideas, often contributing scholarly knowledge to various fields.

Religious

Pertaining to or connected with religion or religious beliefs, practices, and attitudes.