The multiplier is 5 and, as a result of a change in expenditure, equilibrium expenditure and real GDP change by $200 billion. What was the initial change in autonomous expenditure?

A) $20 billion
B) $50 billion
C) $1,000 billion
D) $40 billion
E) $200 billion

D

Economics

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Which of the following lists is included in what economists call "money"?

a. cash b. cash and stocks and bonds c. cash and stocks and bonds and real estate d. cash and stocks and bonds and real estate and all other assets

Economics

The basic money supply or M1 includes

A. Currency in circulation, transactions accounts, traveler's checks, and money market mutual funds. B. Currency in circulation, savings accounts, and credit card balances. C. Currency in circulation, transactions accounts, and traveler's checks. D. Currency in circulation, transactions accounts, and savings accounts.

Economics