Which of the following best describes the simple spending multiplier? It shows t

Question

Which of the following best describes the simple spending multiplier? It shows the magnified change in equilibrium output demanded that arises from a given initial change in planned aggregate spending. It shows the magnified change in planned aggregate spending that arises from a change in output. It shows the magnified change in equilibrium output demanded that arises from a change in income. It shows the magnified change in planned aggregate spending that arises from a change in equilibrium output.

Explanation / Answer

A

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