What is the income/spending multiplier


Problem

What is "the income/spending multiplier"? Explain why a drop in autonomous intended investment, or in autonomous consumption, leads to a much larger drop in equilibrium income.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is the income/spending multiplier
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