The multiplier is the ratio of the
A. change in real GDP to the change in autonomous expenditures.
B. equilibrium level of real GDP to the change in induced expenditures.
C. change in induced expenditures to the change in autonomous expenditures.
D. change in autonomous expenditures to the change in real GDP.
Answer:A
The multiplier is the ratio of the
A. change in real GDP to the change in autonomous expenditures. B. equilibrium level of real GDP to the change in induced expenditures. C. change in induced expenditures to the change in autonomous expenditures. D. change in autonomous expenditures to the change in real GDP.