Multiple Choice
The multiplier is
A) the part of consumption that is independent of the level of disposable income.
B) the proportion of total disposable income that is consumed.
C) the percentage of a given change in income that goes towards consumption.
D) the number which is multiplied by an autonomous change which gives the change in the equilibrium level of real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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