Consider the Simplest Macro with Demand-Determined Output

question 43

Multiple Choice

Consider the simplest macro with demand-determined output.If the marginal propensity to consume out of disposable income (MPC) is equal to the marginal propensity to spend out of national income (z) ,then

• A)the marginal propensity to import (m)is larger than the tax rate (t).
• B)the marginal propensity to import (m)is smaller than the tax rate (t).
• C)the simple multiplier is smaller in a closed economy with no government.
• D)the simple multiplier is larger in a closed economy with no government.
• E)there is no effect on the simple multiplier from imports or tax rates.

Comprehend the importance of competitive advantage and the conditions for its development.

Understand the principles of corporate governance and its impact on strategic planning and implementation.

Understand the importance of aligning organizational strategies with the nature of external environments.

Identify the roles and failures of senior management and strategic leadership in strategic planning.

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