Multiple Choice
Scenario 24-2.The following facts apply to a small,imaginary economy.
• Consumption spending is $5,200 when income is $8,000.
• Consumption spending is $5,536 when income is $8,400.
-Refer to Scenario 24-2.The multiplier for this economy is
A) 6.00.
B) 6.25.
C) 8.40
D) 9.00.
Correct Answer:
Verified
Correct Answer:
Verified
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