NB: This question requires a (very modest) amount of reading ahead in the early sections of Core Unit 14. Which of the following statements are correct? The multiplier is: Select one or more: O a. the...

Extracted text: NB: This question requires a (very modest) amount of reading ahead in the early sections of Core Unit 14. Which of the following statements are correct? The multiplier is: Select one or more: O a. the ratio of the money supply to nominal expenditure O b. the ratio of the total increase in GDP to an initial increase in exogenous spending (e.g. investment or government spending, if these are assumed not to depend on GDP) Oc. the ratio of an increase in consumer spending to an increase in GDP O d. the ratio of government debt to income