If we observe that every increase in income of $120 million generates an increase in consumption of $80 million, then the simple multiplier is

a. 2/3.
b. 3/2.
c. 2.
d. 3.
e. 8.


d

Economics

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If the actual price level is higher than the expected price level, the economy will: a. have no structural unemployment. b. experience a recession

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Economics

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Economics

Which of the following is not correct?

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Economics