The Multiplier Is the Ratio of the

question 134

Multiple Choice

The multiplier is the ratio of the

• A) change in the equilibrium level of real GDP to the change in autonomous expenditures.
• B) equilibrium level of real GDP to the change in induced expenditures.
• C) change in induced expenditures to the change in autonomous expenditures.
• D) change in autonomous expenditures to the change in the equilibrium level of real GDP.

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Definitions:

Andrew Johnson

The United States' 17th President, holding office from 1865 to 1869, took over the presidency following the assassination of Abraham Lincoln.

Impeachment Issue

The process and controversies surrounding the charging of a public official, such as the President, with wrongdoing and the potential for removing them from office.

Unconstitutional Acts

Acts or laws that are found to violate a constitution, especially the U.S. Constitution, and are therefore invalid.

Congress

The national legislative body of a country, particularly referring in the United States to the bicameral legislature that constitutes the Senate and the House of Representatives.