In Order to Simplify the Equation for the Multiplier to Its

question 51

Multiple Choice

In order to simplify the equation for the multiplier to its familiar,relatively simple form,we make use of the

• A)assumption that increases in government purchases have no effect on consumer spending.
• B)assumption that the feedback effects associated with changes in government purchases become negligible after two or three rounds of spending have occurred.
• C)empirical evidence that points to a value of about 3/4 for the MPC.
• D)fact that the multiplier effect is represented by an infinite geometric series.

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Definitions:

RNA Primer

A short strand of RNA needed for DNA replication; it serves as the starting point for DNA synthesis.

Leading Strand

The strand of DNA that is continuously created during the process of DNA replication, following the direction of the replication fork.

Lagging Strand

In DNA replication, the strand that is synthesized discontinuously in short segments opposite the direction of replication fork movement.

Avery

Avery refers to Oswald Avery, a scientist known for demonstrating that DNA is the substance that causes bacterial transformation.