Which of the Following Statements Is True

question 124

Multiple Choice

Which of the following statements is true?

• A) The larger a nation's marginal propensity to consume, the smaller the open-economy multiplier.
• B) The smaller a nation's marginal propensity to import, the smaller the open-economy multiplier.
• C) The larger a nation's marginal propensity to export, the smaller the open-economy multiplier.
• D) The larger a nation's marginal propensity to import, the smaller the open-economy multiplier.

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Definitions:

Psychologists

Professionals who study mental processes and behavior, often helping individuals deal with emotional and psychological issues through various forms of therapy.

Criticisms

The act of expressing disapproval and a detailed analysis and assessment of something, especially a literary, philosophical, or political theory.

Characteristics

Features or qualities that distinguish an individual, object, or phenomena from others.

Phenomenon

An observable event or fact, especially one that is not fully understood.