The multiplier (expenditure multiplier) is the ratio between which two measures? marginal propensity to consume AND the size of an autonomous change in nominal GDP marginal propensity to save AND marginal propensity to consume total change in nominal GDP caused by an autonomous change in aggregate spending AND the size of the autonomous change in aggregate spending total change in real GDP due to an autonomous change in aggregate spending AND the size of the autonomous change in aggregate spending

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter9: Aggregate Demand
Section: Chapter Questions
Problem 6.13P
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The multiplier (expenditure multiplier) is the ratio between which two measures?
marginal propensity to consume AND the size of an autonomous change in nominal GDP
marginal propensity to save AND marginal propensity to consume
total change in nominal GDP caused by an autonomous change in aggregate spending AND the size of the autonomous
change in aggregate spending
O total change in real GDP due to an autonomous change in aggregate spending AND the size of the autonomous change
in aggregate spending
Transcribed Image Text:The multiplier (expenditure multiplier) is the ratio between which two measures? marginal propensity to consume AND the size of an autonomous change in nominal GDP marginal propensity to save AND marginal propensity to consume total change in nominal GDP caused by an autonomous change in aggregate spending AND the size of the autonomous change in aggregate spending O total change in real GDP due to an autonomous change in aggregate spending AND the size of the autonomous change in aggregate spending
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