If the Multiplier Is 3,a $20 Billion Increase in Autonomous

question 119

Multiple Choice

If the multiplier is 3,a $20 billion increase in autonomous consumption will cause a

• A)$20 billion increase in equilibrium consumption
• B)$60 billion increase in equilibrium consumption
• C)$20 billion increase in equilibrium real GDP demanded
• D)$60 billion increase in equilibrium real GDP demanded
• E)$60 billion decrease in autonomous saving

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Definitions:

Elaborative Rehearsal

A memory technique that involves thinking about the meaning of the term to be remembered, as opposed to simply repeating the term to oneself.

Systematic Rehearsal

A deliberate practice or repetition of information to be remembered, often to move it from short-term to long-term memory.

Visuospatial Sketchpad

The visuospatial sketchpad is a component of working memory model that processes and stores visual and spatial information. It is important for navigation, understanding spatial relations, and manipulating objects in our environment.

Phonological Loop

A component of working memory responsible for temporarily storing and manipulating verbal and auditory information.