Which one of the following about the multiplier model is most appropriate? Select one: O a. Fiscal policy has no effect on financial markets O b. More than one of these statements are correct O c. Equilibrium consumption will be unaffected if the government expenditure increases O d. In a recession, monetary policy is usually more responsive, and the central bank should keep the interest rate low to stimulate investment O e. In a recession, a government with a budget surplus should reduce expenditures to keep the balance sheet stable Next page