The Multiplier Is the Amount by Which ________ Is Multiplied

question 33

Multiple Choice

The multiplier is the amount by which ________ is multiplied to determine ________.

• A) autonomous expenditure; real GDP
• B) induced expenditure; real GDP
• C) a change in autonomous expenditure; the change in equilibrium expenditure
• D) a change in induced expenditure; the change in equilibrium expenditure

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Definitions:

Metaphor

A figure of speech in which a word or phrase is applied to an object or action to which it is not literally applicable, suggesting a resemblance or analogy.

Nonliteral

Not adhering strictly to the literal or exact meaning of words; figurative.

Concept

Refers to an abstract idea or a mental symbol that is typically a fundamental building block of human thinking and communication.

Terms

Words or phrases used in specific contexts with particular meanings, often within academic, legal, or technical fields.