Post Utme Esut 2020 Economics Question 3

Practice objective / multiple choice question 3 from the 2020 Post Utme Esut Economics examination.

Post Utme Esut 2020 Economics Objective / Multiple Choice
Question 3 POST_UTME_ESUT • 2020 • ECONOMICS • objective

A country is experiencing a recession, and the government decides to implement a fiscal policy to stimulate the economy. If the government increases its sp\ending by $10 billion and the multiplier is 2, what is the total increase in aggregate demand?

Answer Options

A. $20 billion
Correct Answer B. $30 billion
C. $40 billion
D. $50 billion
Correct Answer
B
Correct Option:
$30 billion

About This Question

This is Post Utme Esut 2020 Economics Question 3. It is one of the objective questions from the 2020 Post Utme Esut Economics examination.

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