Scenario 34-1. Take the following information as given for a small, imaginary economy: • When income is $10,000, consumption spending is $6,500. • When income is $11,000, consumption spending is $7,250. Refer to Scenario 34-1. The multiplier for this economy is a. 7.00. b. 1.53. c. 4.00. d. 2.85
Scenario 34-1. Take the following information as given for a small, imaginary economy: • When income is $10,000, consumption spending is $6,500. • When income is $11,000, consumption spending is $7,250. Refer to Scenario 34-1. The multiplier for this economy is a. 7.00. b. 1.53. c. 4.00. d. 2.85
Chapter9: Aggregate Demand
Section: Chapter Questions
Problem 1.1P
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Scenario 34-1. Take the following information as given for a small, imaginary economy:
• When income is $10,000, consumption spending is $6,500. | |
• When income is $11,000, consumption spending is $7,250. |
Refer to Scenario 34-1. The multiplier for this economy is
a. |
7.00.
|
|
b. |
1.53.
|
|
c. |
4.00.
|
|
d. |
2.85.
|
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