Suppose the Price Level Is Constant,output Is Demand-Determined,and the Economy

question 141

Multiple Choice

Suppose the price level is constant,output is demand-determined,and the economy is closed with no government.If the saving function is S = -100 + (0.2) Y,the simple multiplier is

• A)0.2.
• B)1.
• C)2.5.
• D)5.
• E)Insufficient information to know.

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Definitions:

Social Identity

An individual’s sense of who they are based on their group memberships, such as national, social, or ethnic groups.

Homogenization

The process of making things uniform or similar by blending diverse elements, often leading to reduced variety and differentiation.

Internal Factors

Internal factors refer to the inner strengths and weaknesses that affect a company's or individual's ability to achieve its objectives.

External Factors

Conditions and forces outside the organization that affect its performance, including economic, social, political, and technological influences.