Question
In a certain economy, when income is $100, consumer spending is $80. The value of the multiplier for this economy is 4. It follows that,
In a certain economy, when income is $100, consumer spending is $80. The value of the multiplier for this economy is 4. It follows that, when income is $101, consumer spending is
a. $80.25.
b. $80.75.
c. $81.33.
d. $84.00.
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The Macro Economy Today
Authors: Bradley R. Schiller, Karen Gebhardt
14th edition
1259291820, 978-1259291821
