Multiple Choice
If 75% of additional income received by households was spent, the economy's total output would grow by:
A) 25% of the initial change in nonincome-determined spending.
B) 75% of the initial change in nonincome-determined spending.
C) 1.33 times the initial change in nonincome-determined spending.
D) 4.00 times the initial change in nonincome-determined spending.
Correct Answer:
Verified
Correct Answer:
Verified
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