Multiple Choice
Suppose that last year the slope of the AE curve is 0.67 and this year the slope of the AE curve changes to 0.8. Which of the following best describes what happens to the multiplier?
A) It rises from 3 to 5.
B) It falls from 5 to 3.
C) It rises from 1.25 to 1.49.
D) It falls from 1.49 to 1.25.
Correct Answer:
Verified
Correct Answer:
Verified
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