The following table illustrates the multiplier process in a private closed economy: Refer to the above table.The total change in income resulting from the initial change in investment will be:
A) $100
B) $20
C) $80
D) $200
Correct Answer:
Verified
Q142: Assume that for the entire business sector
Q144: The practical significance of the multiplier is
Q147: The multiplier effect:
A)reduces the MPC.
B)magnifies small changes
Q157: The following table illustrates the multiplier process
Q160: Assume that for the entire business sector
Q162: The following table illustrates the multiplier process
Q164: The following table illustrates the multiplier process
Q167: The simple multiplier:
A)occurs only in response to
Q170: The size of the simple multiplier is
Q171: The simple multiplier is:
A)1/APS.
B)1/APC.
C)1/MPC.
D)1/MPS.
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