In a Simple Macro Model with Demand-Determined Output,the Simple Multiplier

question 74

Multiple Choice

In a simple macro model with demand-determined output,the simple multiplier is equal to 1/(1-z) ,where z equals the

• A)average propensity to spend.
• B)average propensity not to spend.
• C)level of autonomous expenditure.
• D)marginal propensity to spend.
• E)marginal propensity not to spend.

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