Because of the Multiplier Effect,a Smaller Change in Government Spending

question 156

True/False

Because of the multiplier effect,a smaller change in government spending is needed to generate a given change in aggregate demand.

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Definitions:

Scientific Management

A theory of management that analyzes and synthesizes workflows, with the objective of improving economic efficiency and labor productivity.

Careful Selection

The meticulous process of choosing the most suitable candidates or options based on specific criteria.

Scientific Management

Scientific Management is a management theory developed by Frederick W. Taylor that analyzes and synthesizes workflows with the main objective of improving economic efficiency, especially labor productivity.

Frederick Taylor

Known as the father of scientific management, Frederick Taylor introduced principles aiming to improve industrial efficiency and productivity through systematic study and analysis of work tasks.