The Effect of a One-Unit Increase in Autonomous Planned Aggregate

question 190

Multiple Choice

The effect of a one-unit increase in autonomous planned aggregate expenditure on short-run equilibrium output is called

• A) the marginal propensity to consume.
• B) average labour productivity.
• C) Okun's law.
• D) the income-expenditure multiplier.
• E) the autonomous output function.

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Definitions:

Secondary Group

A sociological term for a type of social group where interactions are impersonal, formal, and based on roles or activities rather than personal connections.

Passing Acquaintance

A superficial relationship with someone, characterized by minimal and casual interactions.

Social Interaction

The process by which individuals act and react in relation to others in a society, shaping social relationships and society itself.

Fraternity Brothers

Male members of a fraternity, a social organization typically found in colleges and universities.