The expenditure multiplier is the ratio of
A. the change in equilibrium output to a change in the monetary base.
B. the change in the money supply to a change in the monetary base.
C. the change in the money supply to a change in the autonomous expenditure.
D. the change in equilibrium output to a change in the autonomous expenditure.
Answer:D
The expenditure multiplier is the ratio of
A. the change in equilibrium output to a change in the monetary base. B. the change in the money supply to a change in the monetary base. C. the change in the money supply to a change in the autonomous expenditure. D. the change in equilibrium output to a change in the autonomous expenditure.