If inflation is anticipated, some effects of inflation on the redistribution of income can be avoided

If the marginal propensity to save (MPS) increases, the multiplier

A) decreases. B) can either increase or decrease, depending on what happens to the marginal propensity to consume (MPC). C) increases. D) stays the same.

The concept of ____________________is based on voluntary decisions made by producers.

Fill in the blank(s) with the appropriate word(s).