Which of the following statements is
true?
◦ The multiplier effects for policy changes that are perceived to be temporary are smaller than those for policy changes that are perceived to be permanent.
◦ The multiplier effects for policy changes that are perceived to be temporary are larger than those for policy changes that are perceived to be permanent.
◦ The multiplier effects for policy changes that are perceived to be temporary are the same as those for policy changes that are perceived to be permanent.
◦ There is no relationship between the size of the multiplier effect and whether policy changes are perceived to be temporary or permanent.