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Which one among the following is the correct answer for an increase in autonomous spending leading to an even greater increase in equilibrium level of
Which one among the following is the correct answer for an increase in autonomous spending leading to an even greater increase in equilibrium level of output
as firms increase output to meet demand, income increases, and this induces more consumption spending
the multiplier increases with an increase in autonomous spending
prices rise with increased output and this raises nominal GDP
people save less as their income increases
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