Assume the Consumption Schedule for a Private Closed Economy Is

question 144

Multiple Choice

Assume the consumption schedule for a private closed economy is C = 40 + 0.75Y, where C is consumption and Y is gross domestic product.The multiplier for this economy:

• A)is 3.
• B)is 4.
• C)is 5.
• D)cannot be determined from the information given.

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