The multiplier is defined as

Economics

JAMB 1989

A. The ratio of the change in income to the change in investment
B. The change in investment divided by the change in income
C. \(\frac{1}{MPC}\)
D. \(\frac{1}{1-\text{MPS}}\)

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Correct Answer: Option A

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The multiplier is defined as

Correct Answer: Option A

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