The principle of the multiplier states that: a) any increase in aggregate spending that causes the aggregate
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Question:
The principle of the multiplier states that:
a) any increase in aggregate spending that causes the aggregate demand curve to shift will result in a larger increase in national income.
b) in the long run, the aggregate demand curve becomes relatively flat as the economy approaches full employment.
c) any increase in national income will result in a larger increase in aggregate spending.
d) for any given increase in income, there will be a less than proportional increase in consumer spending
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