When Comparing the Autonomous Expenditure Multiplier in a Closed-Economy Model

question 6

Multiple Choice

When comparing the autonomous expenditure multiplier in a closed-economy model to the autonomous expenditure multiplier in an open-economy model it can be concluded that

• A)the multiplier in the open-economy model will be larger than in the closed-economy model.
• B)the multiplier in the open-economy model will be smaller than in the closed-economy model.
• C)both multipliers are the same.
• D)None of the above.

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Definitions:

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A research method used in behavioral sciences for assessing participants' past behaviors by reconstructing them on a calendar.

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The detailed account of an individual's recent and ongoing consumption of substances, including type, frequency, and quantity.

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