Multiple Choice
Between 2008 and 2009 the government reports that investment decreased by $ 530 billion.The government also estimates that the multiplier is 2.0.If the entire decrease in investment is autonomous,then real GDP
A) decreases by $1,060 billion.
B) increases by $265 billion.
C) decreases by $265 billion.
D) None of the above answers are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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