Multiple Choice
Suppose the price level is constant,output is demand-determined,and the economy is closed with no government.If the consumption function is C = (2/3) Y,then the simple multiplier is
A) 2/3.
B) 1.
C) 2.
D) 3.
E) Insufficient information to know.
Correct Answer:
Verified
Correct Answer:
Verified
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