In the equation Y = (1/1 – b + v)(a + I + G + X ? u), the term (1/1 – b + v) is referred to as the

a. level of autonomous expenditures.
b. autonomous expenditure multiplier.
c. balanced budget multiplier.
d. tax multiplier.

B

Economics

You might also like to view...

If a racial group exhibits lower scores on IQ tests, this is evidence of their reduced intelligence

Indicate whether the statement is true or false

Economics

In the above table, what is the marginal factor cost of the 6th worker?

A) $30 B) $18 C) $120 D) $20

Economics