Which of the following best describes the multiplier?

Which of the following best describes the multiplier?
  • A.
    products of income and expenditure
  • B.
    Curves of savings and expenditure
  • C.
    Ratio of change in income to the expenditure that brought it about
  • D.
    Constant level of income
  • E.
    Equality of marginal propensity to consume and save
Correct Answer: Option C
Explanation
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