The Magnitude of a Vector Can Never Be Less Than

question 171

True/False

The magnitude of a vector can never be less than the magnitude of any of its components.

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Definitions:

Government Purchases Multiplier

The ratio of change in aggregate economic output to a change in government spending, used to analyze the effect of fiscal policy on the economy.

Aggregate Demand

Total economic need for all goods and services within an economy, pegged at a designated price level during a chosen period.

Government Expenditures

The total amount of money spent by the government in a fiscal period, including spending on goods, services, and public projects.

Price Level

An overall average price for the full range of goods and services in the economy.