In the equation Y = (1/1 – b + v)(a + I + G + X − u), the term (1/
In the equation Y = (1/1 – b + v)(a + I + G + X − u), the term (1/1 – b + v) is referred to as the
a. level of autonomous expenditures.
b. autonomous expenditure multiplier.
c. balanced budget multiplier.
d. tax multiplier.
ANSWER
B
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