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 $7,300.
-Refer to Scenario 34-1.The multiplier for this economy is
A) 2.86.
B) 2.98.
C) 4.00.
D) 5.00.

Question

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The Answer of 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 $7,300.
-Refer to Scenario 34-1.The multiplier for this economy is
A) 2.86.
B) 2.98.
C) 4.00.
D) 5.00.