Assume That Marginal Propensity to Consume Is 0

question 106

Multiple Choice

Assume that marginal propensity to consume is 0.8 and potential output is $800 billion. The tax multiplier is:

• A)exactly 0.8.
• B)impossible to determine.
• C)greater than 5.
• D)less than 5.

Recognize the principles of behavior modification and their application to goal setting.

Learn the challenges in self-induced behavior modification programs and techniques for success.

Apply knowledge of controlling antecedents to modify personal environments for behavior change.

Understand the influence of biological constraints on learning and behavior.

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Definitions:

Friedman Test

A non-parametric statistical test for comparing more than two related groups, assessing differences across multiple test attempts.

Rejection Region

In statistical hypothesis testing, it is the range of values for which the null hypothesis is considered improbable enough to be rejected.

Significance Level

The threshold below which a null hypothesis is rejected in a statistical test, often denoted by alpha (α) and commonly set at 0.05 or 5%.

Friedman Test

A nonparametric test for detecting differences in treatments across multiple test attempts.