If an increase in investment spending of $20 million results in a $200 million increase in equilibrium real GDP, then
A) the multiplier is 0.1.
B) the multiplier is 1.
C) the multiplier is 10.
D) the multiplier is 100.
C
Economics
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If the money supply curve is vertical, an increase in bond interest rates
A) is likely to cause banks to supply more money. B) is likely to cause banks to supply less money. C) has no effect on the money supply. D) is likely to cause the Federal Reserve to increase the money supply.
Economics
Which of the following statements is TRUE?
A) The 1957 Treaty of Rome founded the EU and created a custom union. B) The 1957 Treaty of Rome founded the EU. C) The 1957 Treaty of Rome founded the euro. D) The 1957 Treaty of Rome founded the European Central Bank. E) The 1957 Treaty of Rome founded the Stability and Growth Pact. known as SGP.
Economics