Multiple Choice
If the multiplier is 3,a $20 billion increase in autonomous consumption will cause a
A) $20 billion increase in equilibrium consumption
B) $60 billion increase in equilibrium consumption
C) $20 billion increase in equilibrium real GDP demanded
D) $60 billion increase in equilibrium real GDP demanded
E) $60 billion decrease in autonomous saving
Correct Answer:
Verified
Correct Answer:
Verified
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