True or False:
1. The expenditure multiplier applies to any increase in autonomous expenditures.
2. An increase of $10 million in autonomous consumption has the same effect on output as a $10 million increase in autonomous investment.
3. The multiplier process takes place almost instantaneously.
4. Whenever a component of autonomous expenditures increases, consumption will tend to increase as a result.
5. The greater is MPC the greater is the expenditure multiplier.
6. If MPC equals 0.75, the expenditure multiplier equals 4.
7. Investment as well as consumption spending can depend on current income.
8. An autonomous increase in saving would also be a decrease in autonomous consumption, resulting in decreased output, in the aggregate expenditure model.