Multiple Choice
An economy has no imports or income taxes.An increase in autonomous expenditure of $40 billion increases equilibrium expenditure by $160 billion.The expenditure multiplier equals
A) 2.
B) 4.
C) 6.
D) 8.
E) 16.
Correct Answer:
Verified
Correct Answer:
Verified
Q265: <span class="ql-formula" data-value="\begin{array} { c c c
Q266: Who was Jean-Baptiste Say?<br> How does his
Q267: An economy has no imports or income
Q268: Compared to the magnitude of the expenditure
Q269: If a $2 billion increase in investment
Q271: If a firm accumulates unwanted inventories, then
Q272: <span class="ql-formula" data-value="\begin{array} { c c }
Q273: During the start of an expansion, aggregate
Q274: <span class="ql-formula" data-value="\begin{array} { c c }
Q275: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1454/.jpg" alt=" -In the figure