A multiplier effect of 3 means that:
A) nonincome-determined spending is three times as large as income-determined spending.
B) an initial change in income-determined spending causes a change in total output that is three times as large.
C) an initial change in nonincome-determined spending causes a change in total output that is three times as large.
D) an initial change in income-determined spending causes a change in nonincome-determined spending that is three times as large.
Correct Answer:
Verified
Q110: The larger change in total output that
Q111: The multiplier effect would NOT be initiated
Q112: The multiplier effect is the change in:
A)
Q113: The multiplier effect on total output in
Q114: Basically, an increase in nonincome-determined spending is
Q116: The multiplier effect is equal to:
A) .
Q117: If 20% of additional income received by
Q118: If 75% of additional income received by
Q119: If nonincome-determined spending increases by $200 million,
Q120: If 12.5 percent of additional income is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents