Consider the following information describing a closed economy with no government.Aggregate output is demand determined and the price level is constant. TABLE 21-6 Refer to Table 21-6.The simple multiplier in this economy is
A)2.0.
B)2.5.
C)3.0.
D)4.0.
E)5.0.

Question

Consider the following information describing a closed economy with no government.Aggregate output is demand determined and the price level is constant.  TABLE 21-6 Refer to Table 21-6.The simple multiplier in this economy is
A)2.0. 
B)2.5. 
C)3.0. 
D)4.0. 
E)5.0.

Quizplus · Accepted Answer

The Answer of Consider the following information describing a closed economy with no government.Aggregate output is demand determined and the price level is constant.  TABLE 21-6 Refer to Table 21-6.The simple multiplier in this economy is
A)2.0. 
B)2.5. 
C)3.0. 
D)4.0. 
E)5.0.

Consider the Following Information Describing a Closed Economy with No