Look at the Following Function Prototype

question 27

Multiple Choice

Look at the following function prototype.

How many parameter variables does this function have?

• A)1
• B)2
• C)3
• D)Can't tell from the prototype

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Definitions:

Multiplier Effect

The proportional amount of increase, or decrease, in final income that results from an injection, or withdrawal, of spending.

Fiscal Policy

The manipulation of economic activity through fiscal policies involving spending and taxation by a government.

Aggregate Demand

The cumulative demand for every service and product in an economic system, measured at an overall given price level for a specific time frame.

Marginal Propensity to Consume

The proportion of an increase in income that an individual or population spends on goods and services as opposed to saving.