Select the Word That Fits Best in the Sentence

question 198

Multiple Choice

Select the word that fits best in the sentence.
The nurses and doctors are exhausted because of the high patient _______, the hospital should think about hiring more people.

• A)income
• B)density
• C)volume
• D)length

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Definitions:

Crowding-out Effect

A situation where increased government spending leads to a reduction in private sector investment.

Multiplier Effect

An economic phenomenon where an increase in spending produces an increase in national income and consumption greater than the initial amount spent.

Aggregate Demand

The aggregate market demand for goods and services in an economic environment, valued at a specific price level within a certain timeframe.

MPC

Marginal Propensity to Consume, which is the proportion of any additional income that a consumer spends on goods and services.