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If the income/spending multiplier is 2, then an initial $1 billion reduction in intended investment will result in... Select one: a. a $500 million increase
If "the income/spending multiplier" is 2, then an initial $1 billion reduction in intended investment will result in... Select one: a. a $500 million increase in income. b. a $500 million reduction in income. c. a $2 billion reduction in income. d. a $3 billion reduction in income. e. a $3 billion increase in income
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