The Ratio of the Change in GDP to an Initial

question 40

Multiple Choice

The ratio of the change in GDP to an initial change in aggregate expenditures (AE) is the:

• A) spending multiplier.
• B) permanent income rate.
• C) marginal expenditure rate.
• D) marginal propensity to consume.

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Definitions:

Open Innovation

A business model that encourages companies to utilize external as well as internal ideas and paths to market as they look to advance their technology or services.

Organizational Structures

The formal system of task and reporting relationships that controls, coordinates, and motivates employees so that they cooperate and work together to achieve an organization’s goals.

Idea-Generation

The process of creating, developing, and communicating new concepts or solutions.

Defying Orders

The act of refusing to obey direct instructions or commands from a superior or authority figure.