The multiplier effect can be expressed as both a job multiplier and a spending multiplier.
Answer the following statement true (T) or false (F)
True
The multiplier can be stated as a job multiplier, which gives the total number of jobs created by one additional government funded job. The multiplier can also be stated as a spending multiplier, which gives the increase in GDP created by one additional dollar of government expenditures.
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What will be an ideal response?