Multiple Choice
Suppose the price level is constant,output is demand-determined,and the economy is closed with no government.If the marginal propensity to spend is 0.7,the simple multiplier is
A) 0.33.
B) 0.70.
C) 1.00.
D) 1.42.
E) 3.33.
Correct Answer:
Verified
Correct Answer:
Verified
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