The ________ refers to the situation when people are promoted beyond their level of competence

The fraction of a change in disposable income that is consumed is called _____

a. autonomous consumption b. induced consumption c. the multiplier d. the marginal propensity to consume e. the marginal propensity to save

An inflationary gap is the amount by which aggregate expenditures ____ the amount required to achieve full-employment equilibrium GDP

a. exceed b. equal c. fall short of d. are greater than