The government decides to increase its spending by $6 billion. Over time the real GDP increased by $9 billion. The expenditure multiplier is 1.5. Group of answer choices higher than two times lower than equal to
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Ответ:
c. Equals to 1.5
Explanation:
Options are "a. -lower than b. -higher than c. -equal to "
Expenditure multiplier = Change in real GDP / Change in spending
Expenditure multiplier = 9/6
Expenditure multiplier = 1.5
Thus, the expenditure multiplier is equal to 1.5
Ответ: