Multiple Choice
Consider a simple macro model with demand- determined output. In such a model, the multiplier is larger, the
A) lower the APC.
B) flatter the slope of the AE function.
C) higher the level of autonomous expenditures.
D) lower the level of autonomous expenditures.
E) steeper the slope of the AE function.
Correct Answer:
Verified
Correct Answer:
Verified
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