(Advanced Analysis)Assume the Consumption Schedule for a Private Closed Economy

question 118

Multiple Choice

(Advanced analysis) Assume the consumption schedule for a private closed economy is C = 40 + .75Y,where C is consumption and Y is gross domestic product.The multiplier for this economy is:

• A) 3.
• B) 4.
• C) 5.
• D) 10.

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Definitions:

Moles

A unit of measurement used in chemistry to quantify the amount of substance, defined as the number of atoms in 12 grams of carbon-12, approximately 6.022 x 10^23 particles.

Moles

A measure of quantity in chemistry that represents 6.022 x 10^23 particles of a substance.

Helium

Helium is an inert gas with the atomic number 2, notable for its low density, lack of color, odor, or taste, and for being the second lightest and second most abundant element in the observable universe.

KCl

Potassium chloride, a metal halide salt composed of potassium and chlorine, used in medicine, food processing, and scientific applications.