Question 1
Refer to the information provided in Figure 24.3 below to answer the question(s) that follow.


Refer to Figure 24.3. The expenditure multiplier is
◦ 5.
◦ 4.
◦ 2.5.
◦ 2.
Question 2
Refer to the information provided in Figure 24.3 below to answer the question(s) that follow.


Refer to Figure 24.3. If autonomous planned expenditure increases by $20 billion, equilibrium aggregate output ________ to $________ billion.
◦ decreases; 360
◦ increases; 550
◦ increases; 600
◦ increases; 640