The ratio of the increase in ________ to the increase in ________ is called the multiplier

A) induced expenditure; equilibrium real GDP
B) autonomous expenditure; equilibrium real GDP
C) equilibrium nominal GDP; autonomous expenditure
D) equilibrium real GDP; autonomous expenditure

D

Economics

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A data lag

What will be an ideal response?

Economics

In the basic closed-economy ISLM model, as the interest sensitivity of investment spending increases, fiscal policy has ________ effect on output and monetary policy has ________ effect on output

A) less; less B) more; more C) more; less D) less; more

Economics