List and Explain Factors That Determine the Size of the Multiplier

question 209

Essay

List and explain factors that determine the size of the multiplier in the aggregate expenditure model when prices are constant.

---

Definitions:

Monocotyledon

A group of flowering plants whose seeds typically contain one embryonic leaf, or cotyledon.

Eudicotyledon

A major group of flowering plants characterized by the presence of two seed leaves, or cotyledons, upon germination.

Vascular Bundles

Strands of specialized tissue in plants that contain xylem and phloem for the transportation of water, nutrients, and sugars.

Apical Meristem

A region of plant tissue, found at the tips of roots and shoots, responsible for primary growth.