Economists Refer to the Series of Induced Increases in Consumption

question 137

Multiple Choice

Economists refer to the series of induced increases in consumption spending that result from an initial increase in autonomous expenditures as the ________ effect.

• A)multiplier
• B)expenditure
• C)consumption
• D)aggregate demand
• E)Keynes

---

Definitions:

Cuban Missile Crisis

Tense confrontation caused when the United States discovered Soviet offensive missile sites in Cuba in October 1962; the U.S-Soviet confrontation was the Cold War’s closest brush with nuclear war.

Hart-Celler Act

A 1965 United States immigration law that abolished national origin quotas, significantly altering American immigration policy.

Immigration Law

A set of rules governing who may enter a country, how long they may stay, and what activities they are permitted to engage in while present.

Violence In Birmingham

The aggressive and often unlawful use of force, particularly by law enforcement and segregationists, against civil rights activists and African American citizens during the civil rights movement in Birmingham, Alabama.