If You Know the Value of the Multiplier and the Amount

question 110

Multiple Choice

If you know the value of the multiplier and the amount of a change in autonomous investment,you can calculate

• A)the change in the interest rate.
• B)the change in the money supply.
• C)the change in money demand.
• D)the change in equilibrium output.

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Definitions:

Purchases Journal

A record of all purchases of goods and services on credit, aimed at simplifying the accounting process.

Voucher Register

A record of vouchers that have been prepared, detailing amounts to be paid, accounts affected, and supporting documentation.

Voucher System

A control mechanism in accounting wherein vouchers are prepared as evidence of authorization before transactions are recorded.

Purchase Order

A form used in business to place an order for the buying of goods from a seller.