Multiple Choice
Consider the simplest macro model with demand-determined output.Other things being equal,the ________ the value of the simple multiplier,the ________ stable is real GDP in response to shocks to autonomous spending.
A) larger; more
B) larger; less
C) smaller; more
D) smaller; less
E) both B and C are correct
Correct Answer:
Verified
Correct Answer:
Verified
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