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The spending multiplier is defined as: O 1 / (1 - marginal propensity to save). the ratio of the change in equilibrium real GDP to

The spending multiplier is defined as: O 1 / (1 - marginal propensity to save). the ratio of the change in equilibrium real GDP to the initial change in spending. O 1 / (marginal propensity to consume). O the change in initial spending divided by the change in personal income

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