The spending multiplier is the ratio of the change in real GDP to
A) a shift in the expenditure line.
B) a movement along the expenditure line.
C) a shift in the 45-degree line.
D) a change in marginal propensity to consume.
E) a change in potential GDP.
Correct Answer:
Verified
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Q144: Which of the following is true?
A)Potential GDP
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Q148: Which of the following statements is true?
A)A
Q149: Exhibit 23-6 Q150: Suppose the economy is booming and many
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