When Prices Are Fixed and There Are No Imports or Income

question 104

Multiple Choice

When prices are fixed and there are no imports or income taxes, the value of the multiplier is

• A) equal to one.
• B) equal to zero.
• C) greater than one.
• D) less than one.

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Definitions:

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The state or fact of having a duty to deal with something or of having control over someone.

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