Which of the following best describes the multiplier?
ECONOMICS
WAEC 1995
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
Correct Answer: C. Ratio of change in income to the expenditure that brought it about
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