Suppose an Initial Increase in Government Expenditure Increases Output by $50,000.If

question 74

Multiple Choice

Suppose an initial increase in government expenditure increases output by $50,000.If the size of the multiplier is 2.5,the size of the initial increase in government expenditure was:

• A)$25,000.
• B)$20,000.
• C)$12,5000.
• D)$1250.
• E)$30,000.

Recognize the use and function of different types of mechanical seals and retainers.

Identify the characteristics and applications of various types of belts.

Distinguish between different types of bearings and their load capacities.

Describe the designs and applications of roller bearings.

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Definitions:

Temporary Price

A price set for a product or service for a limited period before it returns to its normal level, often used in sales promotions.

Surplus

The situation in which the quantity supplied of a good exceeds the quantity demanded, often due to a price being set above the equilibrium level.

Shortage

A market condition where the demand for a product exceeds its supply, often leading to price increases.

Equilibrium Quantity

The amount of products or services available that matches the amount desired at the market's equilibrium price.