If a $20 Billion Increase in Government Expenditures Increases Equilibrium

question 41

Multiple Choice

If a $20 billion increase in government expenditures increases equilibrium GDP by $50 billion,then:

• A) the multiplier is 2.
• B) the MPC for this economy is .6.
• C) inflation is occurring.
• D) the MPS for this economy is .6.

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