The Economic Impact of a Change in Spending, Working Through

question 90

Multiple Choice

The economic impact of a change in spending, working through the multiplier, takes effect

• A)immediately.
• B)very quickly, with a small number of rounds of spending.
• C)after a very long period of time.
• D)after multiple rounds of spending occur.

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Definitions:

Reduce Damages

Actions taken to minimize the amount of compensation required in a legal claim, often involving efforts to mitigate losses.

Breaches

Instances where parties fail to fulfill their obligations or violate the terms of a contract or agreement.

Duty

A moral or legal obligation to perform or refrain from performing a certain action.

Rescind

To revoke, cancel, or repeal a contract, agreement, or law, making it as though it never existed.