Multiple Choice
A $1.5 trillion increase in investment leads equilibrium expenditure to increase from $7.0 trillion to $10.5 trillion.In this case, the expenditure multiplier is
A) 1.50.
B) 2.33.
C) 4.67.
D) 7.00.
E) 10.5.
Correct Answer:
Verified
Correct Answer:
Verified
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