Multiple Choice
Suppose the price level is constant, output is demand- determined, and the economy is closed with no government. If the saving function is S = - 100 + (0.2) Y, the simple multiplier is
A) 0.2.
B) 1.
C) 2.5.
D) 5.
E) - insufficient information to know.
Correct Answer:
Verified
Correct Answer:
Verified
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