Match Each of the Following System Characteristics with Its Corresponding

question 103

Multiple Choice

Match each of the following system characteristics with its corresponding description.
-Dependence of one part of the system on one or more other system parts

• A)Component
• B)Boundary
• C)Constraint
• D)Environment
• E)Input
• F)Interface
• G)Interrelated components
• H)Output
• I)Purpose

---

Definitions:

MPC

The marginal propensity to consume, which measures the proportion of additional income that a consumer spends on goods and services instead of saving.

Aggregate Demand

The total demand for all goods and services in an economy at different price levels, during a specific time period, including consumption, investment, government spending, and net exports.

Employment Act

A piece of legislation aimed at promoting high employment levels, economic growth, and stable prices within an economy.

Monetary Policy

The process by which the central bank, or monetary authority of a country, controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.