The Keynesian multiplier measures
A) both the short-run and long-run impacts of an initial change in spending on real GDP.
B) the long-run impact of an initial change in spending on real GDP.
C) the short-run impact of an initial change in spending on real GDP.
D) the long-run impact of a change in real GDP on consumption.
E) the short-run impact of a change in real GDP on total spending.
Correct Answer:
Verified
Q146: Sketch the 45-degree line and the expenditure
Q147: Suppose that the expenditure line initially intersects
Q148: Which of the following statements is true?
A)A
Q149: Exhibit 23-6 Q150: Suppose the economy is booming and many Q152: Describe what happens to the aggregate expenditure
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