Solved

Consider the Following Information Describing a Closed Economy with No

Question 148

Multiple Choice

Consider the following information describing a closed economy with no government.Aggregate output is demand determined and the price level is constant. Consider the following information describing a closed economy with no government.Aggregate output is demand determined and the price level is constant. TABLE 21-6 Refer to Table 21-6.The simple multiplier in this economy is A) 2.0. B) 2.5. C) 3.0. D) 4.0. E) 5.0. TABLE 21-6 Refer to Table 21-6.The simple multiplier in this economy is


A) 2.0.
B) 2.5.
C) 3.0.
D) 4.0.
E) 5.0.

Correct Answer:

verifed

Verified

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

Related Questions

Q143: Suppose the price level is constant,output is

Q144: Consider a simple macro model with a

Q145: Consider the consumption function in our macro

Q146: Consider a simple macro model with a

Q147: Consider the simplest macroeconomic model,with a closed

Q149: With respect to consumption,investment,government purchases and net

Q150: When would we expect to see undesired

Q151: Consider a simple macro model with a

Q152: Suppose the price level is constant,output is

Q153: Consider the following information describing a closed