Suppose when income is $10,000 aggregate expenditures are also $10,000, and if income were hypothetically $0 aggregate expenditures would be $2,500.
a. At an income of $10,000, what are induced expenditures?
b. At an income of $10,000, what are autonomous expenditures?
c. What is the marginal propensity to expend?
d. What is the multiplier?