Art Buchwald's article in the Last Word section of the chapter, "Squaring the Economic Circle," is a humorous description of
A)the multiplier effect.
B)a recessionary gap.
C)an inflationary gap.
D)the marginal propensity to save.

Question

Quizplus · Accepted Answer

Art Buchwald's article humorously describes the multiplier effect, which is the economic concept where an initial change in spending leads to a larger overall impact on the economy.

Art Buchwald's Article in the Last Word Section of the Chapter