The Effect on Short-Run Equilibrium Output of a One-Unit Increase

question 92

Multiple Choice

The effect on short-run equilibrium output of a one-unit increase in expenditure is called:

• A) the marginal propensity to consume.
• B) average labor productivity.
• C) Say's law.
• D) the income-expenditure multiplier.

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Definitions:

Order Date

The date on which an order was placed or requested by a customer.

Tracing Dependents

A feature in spreadsheet software that allows users to see which cells depend on the value of the currently selected cell.

Formula Error

Occurs when a formula in a software application, like a spreadsheet, is incorrectly written or references invalid data, resulting in incorrect or unexpected outcomes.

Named Ranges

In spreadsheet applications, a feature that allows users to assign a memorable name to a particular range of cells for easier reference.