The Formula for the Multiplier in an Open Economy Is

question 21

Multiple Choice

The formula for the multiplier in an open economy is

• A)1/(1 + slope of the AE curve).
• B)1/(1 - marginal propensity to import).
• C)1/(1 + marginal propensity to import).
• D)1/(1 - slope of the AE curve).
• E)1/(1 - MPC).

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Definitions:

Agreeableness

A personality trait that reflects a person's tendency towards kindness, empathy, and cooperation versus antagonism.

Personality Inventory

A questionnaire or assessment tool used to evaluate and measure various aspects of an individual's personality traits and characteristics.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a handbook used by healthcare professionals as the authoritative guide to the diagnosis of mental disorders.

Big Five Traits

Refers to the five main facets of human personality, including openness to experience, conscientiousness, extraversion, agreeableness, and emotional stability.