Question 11 marks
Not finished
Households spend 0.75 of each extra dollar of income on domestic output. With no taxes or imports, what is the simple spending multiplier?
- A. 0.75
- . 1.33
- . 3
- . 4
Practice Questions · 9708
The Macroeconomy
Original StepsToConquer questions written in CAIE style. These are practice questions, not past Cambridge examination questions.