If 20% of additional income received by households was NOT spent, the economy's total output would grow by:
A) 20% of the initial change in nonincome-determined spending.
B) 80% of the initial change in nonincome-determined spending.
C) 20 times the initial change in nonincome-determined spending.
D) 5 times the initial change in nonincome-determined spending.
Correct Answer:
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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
Q115: A multiplier effect of 3 means that:
A)
Q116: The multiplier effect is equal to:
A) .
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
Q121: If 20 percent of additional income is
Q122: If nonincome-determined spending increases by $40 billion,
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