Multiple Choice
The expenditure multiplier is 5 and, as a result of a change in expenditure, equilibrium expenditure and real GDP change by $200 billion.What was the initial change in autonomous expenditure?
A) $50 billion
B) $40 billion
C) $20 billion
D) $200 billion
E) $1,000 billion
Correct Answer:
Verified
Correct Answer:
Verified
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