If an Increase in Investment Spending of $20 Million Results

question 3

Multiple Choice

If an increase in investment spending of $20 million results in a $200 million increase in equilibrium real GDP,then

• A)the multiplier is 0.1.
• B)the multiplier is 1.
• C)the multiplier is 10.
• D)the multiplier is 100.

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Definitions:

Expensive Bidder

A term that does not correspond to a specific widely recognized concept in business or economics, thus NO.