menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics
  4. Exam
    Exam 30: IS-MP Analysis: Interest Rates and Output
  5. Question
    If the Multiplier in the Economy Is 2
Solved

If the Multiplier in the Economy Is 2

Question 55

Question 55

Multiple Choice

If the multiplier in the economy is 2.4 and government spending rises by $1.5 trillion, then GDP will change by about:


A) $1.5 trillion.
B) $3.6 trillion.
C) $1.6 trillion.
D) $2.4 trillion.

Correct Answer:

verifed

Verified

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

Related Questions

Q50: Which of the following shows the correct

Q51: Using the following data, calculate the

Q52: For each of the following cases, draw

Q53: Which of the following shows the correct

Q54: The higher the opportunity cost of consumption,

Q56: The MP curve is the:<br>A)current discount rate

Q57: How do interest rates affect investment in

Q58: The output gap is positive when:<br>A)monetary policy

Q59: Which of the following changes could create

Q60: Which of the figures correctly represents the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines