If the MPC Is 3/5 Then the Multiplier Is

question 33

Multiple Choice

If the MPC is 3/5 then the multiplier is

• A)4, so a $100 increase in government spending increases aggregate demand by $400.
• B)1.5, so a $100 increase in government spending increases output by $150.
• C)2.5, so a $100 increase in government spending increases aggregate demand by $250.
• D)1.67, so a $100 increase in government spending increases output by $166.67.

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Definitions:

Project Life Cycle

The series of phases that a project goes through from its inception to its closure, typically including initiation, planning, execution, monitoring, and closing.

Execution

The phase in project management where plans are put into action to create the project's deliverables, adhering to agreed specifications and timelines.

Closeout

The final phase of a project where all activities are completed, documents are finalized, and the project is officially concluded.

Project Documents

Comprehensive collection of documents that cover all aspects of a project from initiation to closure, including plans, reports, and correspondence.