The Increase in National Income Relative to an Initial Increase

question 3

Multiple Choice

The increase in national income relative to an initial increase in investment is measured by what?

• A) The accelerator
• B) The multiplier
• C) The coefficient
• D) The deflationary gap

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Definitions:

Gratuitous

Given or done free of charge or without receiving any value in return.

Apparent Authority

Apparent Authority refers to a situation where a person appears to have the authority to act on behalf of another person or entity, leading third parties to believe that authority exists based on the conduct or statements of the principal.

Implied Authority

The authority of an agent to perform acts that are necessary or customary to carry out expressly authorized duties.

Subagent

An agent appointed by another agent, with the authority to perform tasks or activities on behalf of the original agent's principal.