An MPS of 0

question 56

Multiple Choice

An MPS of 0.6 allows a $1 billion change in intended government expenditures to change the equilibrium GDP by ________ billion.

• A) $0.4
• B) $0.6
• C) $1
• D) $1.67
• E) $2.5

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Definitions:

Recollections

Memories or thoughts brought back to mind about past experiences or events.

Autobiographical Memory

The aspect of memory that pertains to recollections of personal experiences and events from one's own life.

Automatic Process

Cognitive operations that are fast, require little to no conscious effort, and often occur without our awareness, such as reading familiar words.

Automatization

The process through which tasks become automatic with practice, requiring less cognitive effort to perform over time.