The Ratio of the Increase in Equilibrium Real GDP to the Increase

question 297

Multiple Choice

The ratio of the increase in equilibrium real GDP to the increase in autonomous expenditure is called the

• A)MPC.
• B)multiplier.
• C)MPS.
• D)consumption function.

---

Definitions:

Grain Elevator

A storage facility used for handling bulk materials, specifically grains, utilizing a mechanism to elevate the grains from ground level.

Charles Demuth

An American painter associated with the Precisionist movement, known for his detailed, geometric works depicting industrial and urban scenes.

Kinetic Sculptures

Artworks with parts that move, either by air, motor, or human interaction, creating visual or sound experiences.

Alexander Calder

An American sculptor known for inventing the mobile, a type of moving sculpture made with delicately balanced or suspended shapes that respond to touch or air currents.