2

In an economy with no income taxes or imports, the expenditure multiplier is

Select one:

a.greater than 1 if theMPCis less than 1.

b.equal to 1 if theMPCis greater than 1.

c.greater than 1 only if theMPCis greater than 1.

d.always less than 1 no matter what the size of theMPC.

e.less than 1 only if theMPCis less than 1.