Consider the Simple Multiplier When the Price Level Is Constant

question 99

Multiple Choice

Consider the simple multiplier when the price level is constant.We can say that national income is ________ and that the simple multiplier measures the horizontal shift in ________ in response to a change in autonomous desired expenditure.

• A)demand determined; the AS curve
• B)unit-cost determined; the AD curve
• C)constant; the AD curve
• D)demand determined; the AD curve
• E)constant; the AE curve

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Definitions:

Surrendered

The act of giving up or yielding to the control or possession of another party, often in a military context.

Iroquois Confederacy

A historical alliance of Native American tribes in Northeast North America, known for its sophisticated political system and influence on democratic principles.

Anglo-American Conflict

Historical disputes or wars between the British (Anglo) and Americans, including but not limited to the American Revolution and the War of 1812.

Joseph And Mary Brant

A brother and sister who were influential Mohawk leaders, with Joseph Brant being a military leader who sided with the British during the American Revolutionary War.