Economists Refer to the Series of Induced Increases in Consumption

question 266

Multiple Choice

Economists refer to the series of induced increases in consumption spending that result from an initial increase in autonomous expenditures as the ________ effect.

• A)multiplier
• B)expenditure
• C)consumption
• D)aggregate demand

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Definitions:

Learning Contract

An agreement between a learner and an educational institution or mentor outlining the goals, strategies, and outcomes expected from the learning experience.

Expectations

are beliefs or strong hopes about what will happen in the future.

Acceptance

The act of receiving or consenting to something proposed or presented.

Exclusion

The act of not including or barring someone or something from participation or consideration.