Multiple Choice
Consider a simple macro model with a constant price level and demand-determined output.If the marginal propensity to spend in such a model is 0.6,the simple multiplier is
A) 0.
B) 0.6.
C) 1.67.
D) 2.5.
E) 6.0.
Correct Answer:
Verified
Correct Answer:
Verified
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