For Any Given Increase in Spending That Is Not Directly

question 55

True/False

For any given increase in spending that is not directly caused by an increase in income,the impact on equilibrium GDP is greater than the initial spending increase.

---

Definitions:

Innate Ability

A natural skill or capacity present from birth, not developed through learning or experience.

Academic Performance

The extent to which a student, teacher, or institution has achieved their short or long-term educational goals.

Language

A system of symbols, sounds, and rules used by people to communicate thoughts and feelings.

Cognition

The cognitive process of gaining understanding and knowledge through thinking, experiencing, and sensory perception.