Jin Is Planning a Get-Together for Several Friends from Work

question 990

Multiple Choice

Jin is planning a get-together for several friends from work.He's looking for a digital deal he can use at the restaurant.Which website would work best for this purpose?

• A) NexTag
• B) Groupon
• C) BizRate
• D) PriceGrabber

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Definitions:

Aggregate Expenditure

Represents the total spending on goods and services in an economy, including consumption, investment, government purchases, and net exports during a specific period.

Autonomous Investment

Investment in an economy that does not depend on the current level of income or production, often driven by innovation or governmental policy.

Aggregate Expenditure

The total amount of spending in the economy that includes consumption, investment, government purchases, and net exports.

Simple Spending Multiplier

The ratio of a change in real GDP demanded to the initial change in spending that brought it about; the numerical value of the simple spending multiplier is 1/(1 + MPC); called “simple” because only consumption varies with income.