If the MPC Is 0

question 17

Multiple Choice

If the MPC is 0.75, and the government cuts spending by $100b, the overall effect on GDP will be:

• A) a decrease of $400b.
• B) an increase of $250b.
• C) a decrease of $250b.
• D) an increase of $400b.

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Definitions:

Procure-to-Pay

The end-to-end process involved in procuring goods and services, from initial requisition through to payment of the suppliers.

Approval Workflow

A systematic process in an organization for reviewing and approving documents or plans through a series of steps and stages.

Compliance Management

Systems and processes in place within organizations to ensure adherence to laws, regulations, and standards.

Strategic Importance

The significance or value of a decision, action, or asset in achieving long-term organizational objectives or competitive advantage.