Consider the Following Information Describing a Closed Economy with No

question 148

Multiple Choice

Consider the following information describing a closed economy with no government.Aggregate output is demand determined and the price level is constant. TABLE 21-6 Refer to Table 21-6.The simple multiplier in this economy is

• A)2.0.
• B)2.5.
• C)3.0.
• D)4.0.
• E)5.0.

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