The Simple Multiplier Is Defined As

question 8

Multiple Choice

The simple multiplier is defined as:

• A) 1 - MPS.
• B) change in GDP × initial change in spending.
• C) change in GDP/initial change in spending.
• D) change in GDP - initial change in spending.

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Definitions:

Power Circuit

The portion of an electrical system that delivers and manages the distribution of power to various components or machinery.

Energized

Refers to a state in which an electrical component, circuit, or system is supplied with power and is operational.

Normally Open

Describes a switch or relay contact that is in a default open state, allowing current to flow only when the contact is actuated to close.

Normally Closed

A term referring to an electrical switch or circuit state where the contacts are closed (allowing current flow) when no actuating force is applied.