Economists Refer to the Series of Induced Increases in Consumption

question 266

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

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Definitions:

Denial of Discharge

In bankruptcy proceedings, the refusal to eliminate a debtor's obligation to pay back a debt, usually due to fraudulent activities associated with the bankruptcy filing.

Debtor's Debts

Obligations or amounts of money owed by a debtor to creditors.

Credit-counseling Course

A program designed to educate individuals on managing their personal finances and debts, often required before filing for bankruptcy.

Blood Clotting

The process by which blood changes from a liquid to a gel, forming a clot, which is crucial for preventing excessive bleeding when injuries occur.