Question

If the slope of the consumption function is 0.8, and there is no income tax or imports, what is the multiplier?

Select one:

a. 0.80

b. 1.25

c. 0.56

d. 5

In the table below shows the aggregate expenditure schedule for a simple economy. What is autonomous expenditure for this economy?

Real GDP	Aggregate Expenditure
0	100
100	175
200	250
300	325
400	400
500	475

Answer 1

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