The multiplier can be defined as: Select one: A. The ratio of the rise in national income to the rise in injections that caused it B. The ratio of the rise in government expenditure to the resulting rise in national income C. The ratio of a rise in investment to the resulting rise in withdrawals D. The ratio of a change in injections to a change in withdrawals
The multiplier can be defined as: Select one: A. The ratio of the rise in national income to the rise in injections that caused it B. The ratio of the rise in government expenditure to the resulting rise in national income C. The ratio of a rise in investment to the resulting rise in withdrawals D. The ratio of a change in injections to a change in withdrawals
Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?
Section: Chapter Questions
Problem 6TY
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The multiplier can be defined as:
Select one:
A. The ratio of the rise in national income to the rise in injections that caused it
B. The ratio of the rise in government expenditure to the resulting rise in national income
C. The ratio of a rise in investment to the resulting rise in withdrawals
D. The ratio of a change in injections to a change in withdrawals
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