Which of the following best describes the multiplier?

Economics

WAEC 1995

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

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Correct Answer: Option C

Explanation

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Which of the following best describes the multiplier?

Correct Answer: Option C

Explanation

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