Multiple Choice
Suppose the multiplier is 3.What would be the cause of a $20 billion increase in autonomous consumption?
A) a $20 billion increase in equilibrium consumption
B) a $60 billion increase in equilibrium consumption
C) a $20 billion increase in equilibrium real GDP demanded
D) a $60 billion increase in equilibrium real GDP demanded
Correct Answer:
Verified
Correct Answer:
Verified
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