Solved

FIGURE 23-5 Refer to Figure 23-5

Question 80

Multiple Choice

FIGURE 23-5 Refer to Figure 23-5.Suppose that an increase in government purchases caused the AD curve to shift to the right,as shown.If the simple multiplier in this model is 4,then what is the value of the multiplier? A) 1.2 B) 1.4 C) 4 D) 2.8 E) 3.2 FIGURE 23-5 Refer to Figure 23-5.Suppose that an increase in government purchases caused the AD curve to shift to the right,as shown.If the simple multiplier in this model is 4,then what is the value of the multiplier?


A) 1.2
B) 1.4
C) 4
D) 2.8
E) 3.2

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q75: If the economy is in macroeconomic equilibrium

Q76: In a macro model with a constant

Q77: Which of the following could cause the

Q78: Consider a simple macro model with demand-determined

Q79: When the economy's AS curve is positively

Q81: Which of the following will cause a

Q82: Other things being equal,what is the effect

Q83: Consider the following news headline: "World commodity

Q84: Consider the basic AD/AS model with an

Q85: Consider the basic AD/AS model.A rise in